The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2008 at its March 31, 2009 meeting:
ACCOUNTS
| Tier One Member Regular | 8.00% |
|---|
|
Tier Two Member Regular | -27.18% |
| Individual Account Program | -26.75% |
| Variable | -43.71% |
2008 RESERVING/CREDITING
| Reserve/Account | Balance Before 2008 Crediting ($ millions) | Final 2008 Crediting Amount
($ millions) | Final Ending Reserve Balance ($ millions) |
|---|
| Contingency | $653.2 | $0.0 | $653.2 |
|---|
| Tier One Member Regular Accounts | 6,720.5 | 537.6 | 7,258.2 |
|---|
| Tier One Rate Guarantee | 1,889.2 | -2,877.6 | -988.5 |
|---|
| Benefits in Force (BIF) | 23,755.7 | -6,456.4 | 17,299.2 |
|---|
| Tier Two Member Regular Accounts | 766.7 | -208.4 | 558.3 |
|---|
| Employer | 17,676.6 | -4,825.4 | 12,851.2 |
|---|
| OPSRP Pension | 376.3 | -107.8 | 268.7 |
|---|
| UAL Lump-Sum Payment Side Accounts | 7,108.5 | -1,973.8 | 5,134.8 |
|---|
| IAP Accounts | 2,537.3 | -678.8 | 1,858.5 |
|---|
|
TOTAL |
$61,484.2 |
-$16,590.5 |
$44,893.7 |
|---|