The PERS Board adopted the following earnings factors and reserve amounts for calendar year 2012 at its March 29, 2013 meeting:
Accounts
| Account type | Earnings factors |
|---|
Tier One Member Regular
| 8.00% |
|---|
|
Tier Two Member Regular | 14.68% |
| Individual Account Program | 14.09% |
| Variable | 18.43% |
2012 reserving/crediting
| Reserve/Account | Balance Before 2012 Crediting ($ millions) | Final 2012 Crediting Amount
($ millions) | Final Ending Reserve Balance ($ millions) |
|---|
| Contingency | $533.3 | $66.9 | $600.2 |
|---|
| Tier One Member Regular Accounts | 5,961.8 | 476.9 | 6,438.2 |
|---|
| Tier One Rate Guarantee | -345.3 | 330.3 | -15.0 |
|---|
| Benefits in Force (BIF) | 18,774.0 | 2,700.1 | 21,471.1 |
|---|
| Tier Two Member Regular Accounts | 666.0 | 97.8 | 763.8 |
|---|
| Employer | 16,784.2 | 2,412.0 | 19,196.2 |
|---|
| OPSRP Pension | 1,041.2 | 145.1 | 1,186.3 |
|---|
| UAL Lump-Sum Payment Side Accounts | 4,782.3 | 735.9 | 5,518.2 |
|---|
| IAP Accounts | 4,262.8 | 592.3 | 4,855.1 |
|---|
|
TOTAL |
$52,459.8 |
$7,577.3 |
$60,017.1 |
|---|