An official website of the State of Oregon
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The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2011 at its March 22, 2012 meeting:
*$199.1 million was moved from the Contingency Reserve to the Tier One Rate Guarantee Reserve to liquidate the 2008 deficit. The negative $364.2 balance in the Tier One Guarantee Reserve is a result of crediting 8 percent to Tier One member accounts in 2011.
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