Public Employees Retirement System

​IAP Target-Date Funds:
Latest Year-To-Date Earnings (2021)

Earnings available as of the end ofJanuaryFebruaryMarchAprilMay
JuneJulyAugustSeptemberOctoberNovemberDecember2021 Final Earnings Credited
Retirement Allocation Fund
-0.01% 1.08%2.58%
4.96%​
7.40%
7.89%
9.50%
11.85%
10.74%
11.97%
13.19%14.04%
13.89%
20250.03% 1.38%3.28%
5.79%
7.99%
8.53%
9.83%
12.20%
10.88%
12.49%
13.10%
14.27%
14.20%
20300.10% 1.79%4.14%
6.92%
9.38%
9.93%
11.18%
14.00%
12.49%
14.47%
14.97%16.43%​
16.36%
20350.19% 2.18%4.90%
7.79%
10.51%
11.00%
12.26%
15.46%
14.04%
16.06%
16.72%18.26%
18.18%
20400.26% 2.24%5.02%
7.78%
10.66%
11.04%
12.31%
15.60%
14.44%
16.21%
17.11%18.45%
18.36%
20450.15% 2.25%4.99%
8.05%
10.64%
11.14%
12.23%
15.37%
13.62%
15.94%
16.21%17.92%
17.82%
20500.12% 2.19%4.83%
7.83%
10.22%
10.74%
11.72%
14.68%
12.75%
15.17%
15.05%16.88%
16.76%
20550.11% 2.02%4.46%
7.19%
9.38%
9.79%
10.63%
13.31%
11.48%
13.61%
13.44%15.06%
14.91%
20600.10% 1.67%3.68%
5.88%
7.64%
7.85%
8.44%
10.60%
8.97%
10.62%
10.32%11.57%
11.36%
20650.11% 2.11%4.32%
6.98%
9.26%
9.64%
10.48%​
13.18%
11.39%
13.48%​
13.24%14.87%​
14.64%​​​​

  • Note: PERS credits each IAP TDF (the entire fund) with earnings on a monthly basis (see table for monthly earnings rates). However, individual accounts for members who have not yet retired will only see IAP TDF earnings credited on an annual basis, using the “final” rate for the year. Monthly rates are not applied to nonretired individual member accounts.
  • The latest year-to-date rates (see table) are only directly allocated to 1) retirees who elect to receive a lump-sum payment (or rollover) of their IAP account at retirement or 2) to members who elect to withdraw their IAP accounts.
    • Earnings are credited based on the latest monthly year-to-date calculation available and may differ from investment returns reported by the Oregon State Treasury. This is due to administrative expenses and reserving requirements provided in statutes, administrative rules, and PERS Board actions. Full information can be found in OAR 459-080-0200 and OAR 459-007-0320.

If you are a retiree currently receiving IAP installment payments, see the Financials – IAP Installment Payments webpage for information about the earnings rates used to credit your IAP installment account.

Previous IAP earnings

In compliance with the Americans with Disabilities Act (ADA), PERS will provide documents on this page in an alternate format upon request. To request a document in an alternate format, call 888-320-7377 (toll free) or TTY 503-603-7766.​​​
​Oregon Public Employees Retirement System IAP Earnings Rates (Percent)
2020
Target-Date Fund JanFebMarAprMayJunJulAugSepOctNovDecFinal
Retirement Allocation FundLatest Year-to-Date0.710.03-3.43-1.16-0.99-0.151.913.933.583.247.769.249.17
2025Latest Year-to-Date0.14-1.85-6.69-3.68-3.11-2.080.292.912.221.727.078.87 8.83
2030Latest Year-to-Date-0.17-2.81-8.16-4.77-4.12-3.03-0.482.591.711.237.309.29 9.25
2035Latest Year-to-Date-0.24-2.77-7.78-5.12-4.91-4.01-1.691.290.580.236.308.18 8.14
2040Latest Year-to-Date-0.18-2.34-6.68-4.56-4.74-4.01-1.920.860.360.175.797.41 7.37
2045Latest Year-to-Date-0.49-3.91-10.29-6.53-5.61-4.36-1.691.750.660.046.999.30 9.24
2050
Latest Year-to-Date-0.48-3.79-9.99-6.10-5.10-3.82-1.132.331.210.567.429.76 9.67
2055Latest Year-to-Date-0.44-3.51-9.23-5.65-4.71-3.50-1.032.161.100.506.788.85 8.72
2060Latest Year-to-Date-0.35-2.84-7.33-4.24-3.42-2.37-0.372.181.310.805.897.46 7.27
2065Latest Year-to-Date-0.53-2.95-8.21-4.77-3.85-2.72-0.741.750.820.364.856.316.02

Note: The PERS Board credited final 2020 earnings to nonretired member IAP accounts at the March 29, 2021 Board meeting. Monthly change rates are no longer calculated for the Retirement Allocation Fund as of January 1, 2020. This is because the remaining IAP account balances of retirees who directly receive installment payments are invested in a different fund called the Retirement Installments Fund. Read more about the Retirement Installments Fund and its rates on our Financials - IAP Installment Payments page.

 
​Oregon Public Employees Retirement System IAP Earnings Rates (Percent)
2019
Target-Date Fund JanFebMarAprMayJunJulAugSepOctNovDecFinal
Retirement Allocation FundLatest Year-to-Date3.651.645.593.656.067.656.7910.746.5514.755.159.20 9.18
Monthly Change3.65-2.013.95-1.942.411.59-0.863.95-4.198.20-9.604.05
2020Latest Year-to-Date2.232.833.835.115.037.167.448.558.789.4310.1611.00 10.54
2025Latest Year-to-Date3.144.085.046.645.498.388.739.249.8610.8312.0713.37 13.05
2030Latest Year-to-Date3.474.505.306.925.438.458.819.059.8910.9612.3913.83 13.65
2035Latest Year-to-Date3.264.194.876.370.097.918.248.549.3810.3711.7613.12 13.01
2040Latest Year-to-Date3.324.264.926.405.177.928.268.639.4310.2711.5712.78 12.69
2045Latest Year-to-Date4.195.506.248.085.739.259.549.2410.3111.6113.2214.98 14.84
2050Latest Year-to-Date4.185.476.187.955.609.049.278.959.9611.1812.6914.34 14.14
2055Latest Year-to-Date4.145.355.977.535.218.398.508.139.0010.0311.3212.70 12.36
2060Latest Year-to-Date3.664.625.016.164.126.586.506.106.697.378.229.12 8.57

Note: The PERS Board credited final 2019 earnings to nonretired member IAP accounts at the March 30, 2020 Board meeting.

 

 
Oregon Public Employees Retirement System IAP Earnings Rates (Percent)
2018
Target-Date Fund Jan**FebMarAprMayJunJulAugSepOctNovDecFinal
Retirement Allocation FundLatest Year-to-Date 1.66 -0.30 0.61 -0.70 1.28 -0.21 1.782.19 1.53 -1.222.32 -0.77  1.74
 Monthly Change 1.66 -1.96 0.91 -1.31 1.98 -1.49 1.990.41 -0.66 -2.753.54 -3.09 
2020Latest Year-to-Date 1.66 0.38 0.29 0.22 1.08 0.87 1.70 2.84 2.60 0.37 1.18 0.20  0.16
2025Latest Year-to-Date 1.66 0.04 -0.13 0.50 1.49 1.21 2.45 3.79 3.64 0.43 1.45 -0.69  -0.70
2030Latest Year-to-Date 1.66 0.19 0.00 0.82 1.88 1.53 2.96 4.38 4.29 0.73 1.85 -0.78  -0.80
2035Latest Year-to-Date1.66 0.59 0.50 1.04 2.10 1.72 3.13 4.57 4.50 1.14 2.27 -0.22 -0.23
2040Latest Year-to-Date 1.66 0.34 0.18 1.03 2.08 1.69 3.17 4.61 4.55 1.05 2.20 -0.41  -0.42
2045Latest Year-to-Date 1.66 -0.40 -0.78 0.89 1.92 1.52 3.24 4.64 4.62 0.27 1.47 -2.02  -2.03
2050Latest Year-to-Date 1.66 -0.41 -0.78 0.89 1.911.51 3.21 4.61 4.57 0.22 1.41 -2.06 -2.05
2055Latest Year-to-Date 1.66 -0.42 -0.78 0.87 1.891.45 3.12 4.47 4.42 0.09 1.25 -2.16  -2.14
2060Latest Year-to-Date 1.66 -0.47 -0.79 0.85 1.78 1.31 2.84 4.08 3.97 -0.18 0.90 -2.19  -2.12
 **One earnings rate was applied for all January 2018 payments due to the timing of data being available.​​
 

Starting in 2018, each IAP participant was invested in an IAP Target-Date Fund based on a five-year range of birth years and an approximate retirement age of 65. To learn more about the change and review investment information, visit www.oregon.​gov/IAP.

 

Oregon Public Employees Retirement System IAP Earnings Crediting Rates (Percent)

  JanFebMarAprMayJunJulAugSepOctNovDecFinal
2017Latest Year-to-Date​0.99 2.19 2.91 4.81 6.407.07 8.66 9.76 10.76 12.13 13.93 14.92 14.72
 Monthly Change0.99 1.20 0.72 1.90 1.59 0.67 1.59 1.10 1.00 1.37 1.80 0.99 
2016​Latest Year-to-Date​-2.87​-2.89​​0.901.71 ​1.722.45​4.62​4.78​5.68​ 4.51​4.86​7.14​ ​7.13
 ​Monthly Change​-2.87​​-0.02​​3.790.81 0.010.73​2.17​0.160.90​ -1.17​0.35​ 2.28​
2015Latest Year-to-Date​-0.361.972.343.363.452.712.90-0.10-0.103.102.721.87 1.85
 Monthly Change​-0.362.330.371.020.09-0.740.19-3.000.003.20-0.38-0.85 
2014Latest Year-to-Date​-1.52​0.72​2.85​2.96​4.40​6.34​5.47​6.63​6.08​6.68​7.44​7.09 7.05​
 Monthly Change​-1.52​2.24​2.13​0.11​1.441.94​-0.87​1.16​-0.55​0.60​0.76​​-0.35​
2013Latest Year-to-Date1.822.034.326.015.615.277.536.3510.0712.2513.0215.89 15.59
 Monthly Change1.820.212.291.69-0.40-0.342.26-1.183.722.180.772.87 
2012Latest Year-to-Date2.795.156.646.442.646.687.718.6510.5610.2611.0714.19 14.09
 Monthly Change2.792.361.49-0.20-3.804.041.030.941.91-0.300.813.12 
2011Latest Year-to-Date0.802.444.827.076.417.346.983.240.184.843.402.21 2.15
 Monthly Change0.801.642.382.25-0.660.93-0.36-3.74-3.064.66-1.44-1.19 
2010Latest Year-to-Date-1.44-0.802.073.11-1.35-1.182.501.256.198.207.3012.29 12.13
 Monthly Change-1.440.642.871.04-4.460.173.68-1.254.942.01-0.904.99 
2009Latest Year-to-Date-2.94-6.96-8.44-2.852.140.645.598.1813.0612.4714.8818.48 18.47
 Monthly Change-2.94-4.02-1.485.594.99-1.504.952.594.88-0.592.413.60 
2008Latest Year-to-Date-3.99-4.09-4.93-1.87-0.95-5.30-6.85-7.65-14.32-23.70-26.66-26.92 -26.75
 Monthly Change-3.99-0.10-0.843.060.92-4.35-1.55-0.80-6.67-9.38-2.96-0.26 
2007Latest Year-to-Date0.670.682.064.467.507.536.356.5110.2512.679.859.49 9.46
 Monthly Change0.670.011.382.403.040.03-1.180.163.742.42-2.820.08 
2006Latest Year-to-DateN/AN/AN/AN/AN/AN/A4.406.087.4311.4313.5215.12 14.98
 Monthly ChangeN/AN/AN/AN/AN/AN/AN/A1.681.354.002.091.60N/A
2005 12.80
2004 12.77
 

 
 
Current IAP earnings (for retired members receiving IAP installment payments)
Information about IAP Target-Date Funds​ (for nonretired members)​
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