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 |
|---|