The PERS Board adopted the following earnings factors and reserve amounts for calendar year
2015 at its March 28, 2016 meeting:
Accounts
| Account type | Earnings factors |
|---|
| 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
|
|---|