| Assumed Rate Update (7/16/09) |
|
|
 |
|
|
The PERS Board voted to keep the assumed earnings rate at 8 percent for another two years at its July 16, 2009 meeting. The Board also approved other economic and demographic assumptions and actuarial methods from the 2008 Experience Study presented by PERS’ actuary, Mercer.
The assumed earnings rate is the investment return rate (including inflation) that the PERS Fund’s regular account is expected to earn over the long term and is used to establish employer contribution rates, calculate some retirement benefits, and for crediting Tier One regular accounts with annual earnings.
|
|
|
|
