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 |