The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2015 at its March 28, 2016 meeting:
ACCOUNTS
| Tier One Member Regular | 7.75% |
|---|
|
Tier Two Member Regular | 1.87% |
| Individual Account Program | 1.85% |
| Variable | -1.61% |
2015 RESERVING/CREDITING
| Reserve/Account | Balance Before 2014 Crediting ($ millions) | Final 2014 Crediting Amount
($ millions) | Final Ending Reserve Balance ($ millions) |
|---|
| Contingency | $588.6 | - | $588.6 |
|---|
| Tier One Member Regular Accounts | 4,931.8 | 382.2 | 5,314.0 |
|---|
| Tier One Rate Guarantee Reserve | 448.8 | (281.3) | 167.5 |
|---|
| Benefits in Force (BIF) Reserve | 21,917.8 | 410.8 | 22,328.6 |
|---|
| Tier Two Member Regular Accounts | 837.6 | 15.7 | 853.3 |
|---|
| Employer | 23,075.3 | 432.2 | 23,507.5 |
|---|
| OPSRP Pension | 2,344.9 | 42.8 | 2,387.7 |
|---|
| UAL Lump-Sum Payment Side Accounts | 5,510.3 | 122.5 | 5,632.8 |
|---|
| IAP Accounts | 6,749.6 | 122.8 | 6,872.4 |
|---|
|
TOTAL |
$66,407.7 |
$1,247.7 |
$67,652.4 |
|---|