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2018 earnings crediting

The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2018 at its April 1, 2019 meeting:


Member Accounts

Tier One Member Regular*7.20%
Tier Two Member Regular0.23%
Individual Account Program (IAP)**Various


2018 IAP Earnings Rates
Member Birth Year Target-Date Fund (TDF) 2018 Rates 
In 1952 or beforeRetirement Allocation Fund1.74%
Between 1953 and 195720200.16%
Between 1958 and 1962 2025-0.70%
Between 1963 and 1967 2030-0.80%
Between 1968 and 1972 2035-0.23%
Between 1973 and 1977 2040-0.42%
Between 1978 and 1982 2045-2.03%
Between 1983 and 1987 2050-2.05%
Between 1988 and 1992 2055-2.14%
In 1993 or after2060-2.12%

Final 2018 Crediting and Reserving

(All dollar amounts in millions)

Reserve/AccountBalance Before 2018 CreditingFinal 2018 Crediting Amount
Final Ending Reserve Balance
Tier One Member Regular Accounts3,647.7262.63,910.3
Tier One Rate Guarantee510.5(252.9)257.6
Tier Two Member Regular Accounts915.52.1917.6
Benefits in Force (BIF)21,885.651.321,936.9
OPSRP Pension4,764.311.84,776.1
IAP Accounts, as a whole8,787.5(55.5)8,732.0
UAL Lump-Sum Payment Side Accounts5,180.033.45,213.4
Contingency50.0-- 50.0
TOTAL $73,889.1 $118.5 $74,007.6

*By law, Tier One members receive the PERS Board-adopted assumed interest rate in effect each calendar year. See OAR 459-007-0005 (11).

**Please note that starting in 2018, the investment strategy of the IAP changed from a one-size-fits-all approach to target-date funds (TDFs) that reduce investment risk and volatility as members age. Learn more at