Skip to the main content of the page

Public Employees Retirement System

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2010 at its March 28, 2011 meeting:

 

ACCOUNTS

Tier One Member Regular 8.00%
Tier Two Member Regular 12.44%
Individual Account Program 12.13%
Variable 15.17%

 

2010 RESERVING/CREDITING

Reserve/Account Balance Before 2010 Crediting ($ millions) Final 2010 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Contingency $653.2 $81.3 $734.4
Tier One Member Regular Accounts 6,453.6 505.9 6,959.5
Tier One Rate Guarantee -441.8 246.6 -199.2
Benefits in Force (BIF) 18,308.7 2,279.4 20,588.1
Tier Two Member Regular Accounts 624.0 77.6 701.6
Employer 15,068.6 1,876.0 16,944.6
OPSRP Pension 587.3 67.3 654.6
UAL Lump-Sum Payment Side Accounts 4,931.5 647.7 5,579.2
IAP Accounts 3,154.3 382.7 3,537.0
TOTAL $49,339.2 $6,160.6 $55,499.8