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Public Employees Retirement System

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2009 at its March 29, 2010 meeting:

 

ACCOUNTS

Tier One Member Regular 8.00%
Tier Two Member Regular 19.12%
Individual Account Program 18.47%
Variable 37.57%

 

2009 RESERVING/CREDITING

Reserve/Account Balance Before 2009 Crediting ($ millions) Final 2009 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Contingency $653.2 $0.0 $653.2
Tier One Member Regular Accounts 6,507.5 520.6 7,028.0
Tier One Rate Guarantee -978.5 536.7 -441.8
Benefits in Force (BIF) 16,532.0 3,161.4 19,693.4
Tier Two Member Regular Accounts 540.5 103.4 643.9
Employer 12,687.1 2,426.1 15,113.2
OPSRP Pension 377.1 64.9 442.0
UAL Lump-Sum Payment Side Accounts 4,594.9 895.5 5,490.4
IAP Accounts 2,297.1 427.9 2,725.0
TOTAL $43,210.8 $8,136.5 $51,347.3