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2013 earnings crediting

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2013 at its March 31, 2014 meeting:



Tier One Member Regular 8.00%
Tier Two Member Regular 15.62%
Individual Account Program15.59%


2013 reserving/crediting

Reserve/AccountBalance Before 2013 Crediting ($ millions)Final 2013 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Tier One Member Regular Accounts5,467.6437.45,905.0
Tier One Rate Guarantee-0.3416.8416.5
Benefits in Force (BIF)20,621.73,222.223,843.9
Tier Two Member Regular Accounts732.7114.5847.2
OPSRP Pension1,407.9218.41,626.3
UAL Lump-Sum Payment Side Accounts5,077.6846.05,923.6
IAP Accounts5,113.9772.55,886.4
TOTAL $57,748.8 $9,021.5 $66,770.3