The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2013 at its March 31, 2014 meeting:
ACCOUNTS
| Tier One Member Regular | 8.00% |
|---|
|
Tier Two Member Regular | 15.62% |
| Individual Account Program | 15.59% |
| Variable | 25.74% |
2013 RESERVING/CREDITING
| Reserve/Account | Balance Before 2013 Crediting ($ millions) | Final 2013 Crediting Amount
($ millions) | Final Ending Reserve Balance ($ millions) |
|---|
| Contingency | $600.2 | $67.5 | $667.7 |
|---|
| Tier One Member Regular Accounts | 5,467.6 | 437.4 | 5,905.0 |
|---|
| Tier One Rate Guarantee | -0.3 | 416.8 | 416.5 |
|---|
| Benefits in Force (BIF) | 20,621.7 | 3,222.2 | 23,843.9 |
|---|
| Tier Two Member Regular Accounts | 732.7 | 114.5 | 847.2 |
|---|
| Employer | 18,727.5 | 2,926.2 | 21,653.7 |
|---|
| OPSRP Pension | 1,407.9 | 218.4 | 1,626.3 |
|---|
| UAL Lump-Sum Payment Side Accounts | 5,077.6 | 846.0 | 5,923.6 |
|---|
| IAP Accounts | 5,113.9 | 772.5 | 5,886.4 |
|---|
|
TOTAL |
$57,748.8 |
$9,021.5 |
$66,770.3 |
|---|