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2016 earnings crediting

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2016 at its April 3, 2017 meeting:



Tier One Member Regular7.50%
Tier Two Member Regular7.15%
Individual Account Program7.13%


2016 reserving/crediting

Reserve/AccountBalance Before 2016 Crediting ($ millions)Final 2016 Crediting Amount
($ millions)
Final Ending Reserve Balance ($ millions)
Tier One Member Regular Accounts4,547.0341.04,888.0
Tier One Rate Guarantee183.2(2.4)180.8
Benefits in Force (BIF)20,550.41,461.322,011.7
Tier Two Member Regular Accounts816.858.4875.2
OPSRP Pension2,807.8198.83,006.6
UAL Lump-Sum Payment Side Accounts5,005.8383.25,389.0
IAP Accounts6,858.5489.37,347.8
TOTAL $64,588.8 $4,592.6 $69,181.4