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Public Employees Retirement System

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