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Public Employees Retirement System

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2012 at its March 29, 2013 meeting:

 

ACCOUNTS

Tier One Member Regular 8.00%
Tier Two Member Regular 14.68%
Individual Account Program 14.09%
Variable 18.43%

 

2012 RESERVING/CREDITING

Reserve/Account Balance Before 2012 Crediting ($ millions) Final 2012 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Contingency $533.3 $66.9 $600.2
Tier One Member Regular Accounts 5,961.8 476.9 6,438.2
Tier One Rate Guarantee -345.3 330.3 -15.0
Benefits in Force (BIF) 18,774.0 2,700.1 21,471.1
Tier Two Member Regular Accounts 666.0 97.8 763.8
Employer 16,784.2 2,412.0 19,196.2
OPSRP Pension 1,041.2 145.1 1,186.3
UAL Lump-Sum Payment Side Accounts 4,782.3 735.9 5,518.2
IAP Accounts 4,262.8 592.3 4,855.1
TOTAL $52,459.8 $7,577.3 $60,017.1