The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2014 at its March 30, 2015 meeting:
ACCOUNTS
| Tier One Member Regular | 7.75% |
|---|
|
Tier Two Member Regular | 7.24% |
| Individual Account Program | 7.05% |
| Variable | 4.29% |
2014 RESERVING/CREDITING
| Reserve/Account | Balance Before 2014 Crediting ($ millions) | Final 2014 Crediting Amount
($ millions) | Final Ending Reserve Balance ($ millions) |
|---|
| Contingency | $651.2 | - | $651.2 |
|---|
| Tier One Member Regular Accounts | 5,189.0 | 402.1 | 5,591.1 |
|---|
| Tier One Rate Guarantee | 434.2 | 5.5 | 439.7 |
|---|
| Benefits in Force (BIF) | 22,197.9 | 1,609.0 | 23,806.9 |
|---|
| Tier Two Member Regular Accounts | 813.0 | 58.9 | 871.9 |
|---|
| Employer | 21,563.9 | 1,563.0 | 23,126.9 |
|---|
| OPSRP Pension | 1,887.7 | 133.9 | 2,021.6 |
|---|
| UAL Lump-Sum Payment Side Accounts | 5,452.1 | 424.8 | 5,876.9 |
|---|
| IAP Accounts | 6,107.2 | 422.5 | 6,529.7 |
|---|
|
TOTAL |
$64,296.2 |
$4,619.7 |
$68,915.9 |
|---|