IAP Target-Date Funds:
Latest Year-To-Date Earnings (2023)
| Earnings available as of the end of | January | February | March | April | May
| June | July | August | September | October | November | December | 2023 Final Earnings Credited |
|---|
Retirement Allocation Fund
| 3.26% | 1.16% | 3.85% | 4.45% | 3.98% | 4.25% | 4.81% | 4.61% | 2.38% | 1.50% | 5.60% | 9.23% |
9.18%
|
|---|
| 2025 | 2.37% | 1.01% | 2.69% | 3.13% | 2.81% | 3.37% | 3.89% | 3.62% | 2.01% | 1.35% | 4.14% | 6.50% |
6.47%
|
|---|
2030
| 2.53% | 1.25% | 2.59% | 3.07% | 2.88% | 4.03% | 4.78% | 4.32% | 2.55% | 1.70% | 4.74% | 7.09% |
7.07%
|
|---|
2035
| 2.28% | 1.23% | 2.27% | 2.72% | 2.71% | 3.91% | 4.61% | 4.29% | 2.67% | 1.96% | 4.70% | 6.80% |
6.78%
|
|---|
| 2040 | 1.93% | 1.08% | 1.90% | 2.30% | 2.43% | 3.42% | 3.98% | 3.83% | 2.43% | 1.88% | 4.14% | 5.92% |
5.90%
|
|---|
| 2045 | 2.29% | 1.30% | 2.23% | 2.67% | 2.72% | 3.96% | 4.67% | 4.39% | 2.91% | 2.29% | 4.69% | 6.52% |
6.49%
|
|---|
| 2050 | 2.93% | 1.68% | 2.81% | 3.38% | 3.18% | 5.14% | 6.33% | 5.56% | 3.58% | 2.51% | 6.01% | 8.46% |
8.41%
|
|---|
| 2055 | 2.78% | 1.58% | 2.64% | 3.16% | 2.97% | 4.79% | 5.89% | 5.15% | 3.24% | 2.20% | 5.54% | 7.86% |
7.79%
|
|---|
| 2060 | 2.53% | 1.41% | 2.35% | 2.80% | 2.60% | 4.23% | 5.19% | 4.46% | 2.65% | 1.67% | 4.76% | 6.87% |
6.75%
|
|---|
| 2065 | 2.86% | 1.58% | 2.66% | 3.14% | 2.89% | 4.60% | 5.60% | 4.79% | 2.85% | 1.80% | 4.94% | 7.04% |
6.86%
|
|---|
- 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.
IAP Target-Date Funds:
Latest Year-To-Date Earnings (2022) |
| Earnings available as of the end of | January | February | March | April | May
| June | July | August | September | October | November | December | 2022 Final Earnings Credited |
|---|
Retirement Allocation Fund
| -2.33% | -1.83% | -2.15% | -4.53% | -3.42% | -6.13% | -3.65% | -6.19% | -11.05% | -10.48% | -7.25% | -8.15% | -8.15% |
|---|
| 2025 | -2.00% | -1.86% | -1.44% | -3.78% | -2.91% | -5.40% | -3.29% | -5.22% | -8.98% | -8.11% | -5.51% | -6.39% | -6.41% |
|---|
| 2030 | -1.92% | -1.83% | -0.71% | -3.11% | -2.20% | -4.92% | -2.81% | -4.65% | -8.43% | -7.08% | -4.25% | -5.41% | -5.43% |
|---|
| 2035 | -1.67% | -1.44% | 0.16% | -1.87% | -0.89% | -3.43% | -1.63% | -3.26% | -6.74% | -5.25% | -2.52% | -3.66% | -3.70% |
|---|
| 2040 | -1.36% | -0.92% | 0.88% | -0.70% | 0.33% | -1.91% | -0.53% | -1.94% | -5.00% | -3.64% | -1.17% | -2.15% | -2.18% |
|---|
| 2045 | -1.82% | -1.76% | 0.02% | -2.28% | -1.33% | -4.16% | -2.28% | -3.87% | -7.41% | -5.66% | -2.79% | -3.96% | -4.00% |
|---|
| 2050 | -2.03% | -2.21% | -0.48% | -3.21% | -2.34% | -5.52% | -3.27% | -4.98% | -9.02% | -6.88% | -3.53% | -5.04% | -5.07% |
|---|
| 2055 | -1.87% | -2.03% | -0.41% | -2.96% | -2.14% | -5.07% | -2.96% | -4.53% | -8.34% | -6.28% | -3.06% | -4.48% | -4.49% |
|---|
| 2060 | -1.61% | -1.75% | -0.34% | -2.57% | -1.84% | -4.33% | -2.46% | -3.80% | -7.25% | -5.30% | -2.30% | -3.57% | -3.55% |
|---|
| 2065 | -2.05% | -2.26% | -0.51% | -4.72% | -3.76% | -6.60% | -4.44% | -5.93% | -9.77% | -7.53% | -4.11% | -5.48% | -5.41% |
|---|
IAP Target-Date Funds:
Latest Year-To-Date Earnings (2021) |
| Earnings available as of the end of | January | February | March | April | May
| June | July | August | September | October | November | December | 2021 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% |
|---|
| 2025 | 0.03% | 1.38% | 3.28% | 5.79% | 7.99% | 8.53% | 9.83% | 12.20% | 10.88% | 12.49% | 13.10% | 14.27% | 14.20% |
|---|
| 2030 | 0.10% | 1.79% | 4.14% | 6.92% | 9.38% | 9.93% | 11.18% | 14.00% | 12.49% | 14.47% | 14.97% | 16.43% | 16.36% |
|---|
| 2035 | 0.19% | 2.18% | 4.90% | 7.79% | 10.51% | 11.00% | 12.26% | 15.46% | 14.04% | 16.06% | 16.72% | 18.26% | 18.18% |
|---|
| 2040 | 0.26% | 2.24% | 5.02% | 7.78% | 10.66% | 11.04% | 12.31% | 15.60% | 14.44% | 16.21% | 17.11% | 18.45% | 18.36% |
|---|
| 2045 | 0.15% | 2.25% | 4.99% | 8.05% | 10.64% | 11.14% | 12.23% | 15.37% | 13.62% | 15.94% | 16.21% | 17.92% | 17.82% |
|---|
| 2050 | 0.12% | 2.19% | 4.83% | 7.83% | 10.22% | 10.74% | 11.72% | 14.68% | 12.75% | 15.17% | 15.05% | 16.88% | 16.76% |
|---|
| 2055 | 0.11% | 2.02% | 4.46% | 7.19% | 9.38% | 9.79% | 10.63% | 13.31% | 11.48% | 13.61% | 13.44% | 15.06% | 14.91% |
|---|
| 2060 | 0.10% | 1.67% | 3.68% | 5.88% | 7.64% | 7.85% | 8.44% | 10.60% | 8.97% | 10.62% | 10.32% | 11.57% | 11.36% |
|---|
| 2065 | 0.11% | 2.11% | 4.32% | 6.98% | 9.26% | 9.64% | 10.48% | 13.18% | 11.39% | 13.48% | 13.24% | 14.87% | 14.64% |
|---|
Oregon Public Employees Retirement System IAP Earnings Rates (Percent)
2020 |
|---|
| Target-Date Fund | | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Final |
|---|
| Retirement Allocation Fund | Latest Year-to-Date | 0.71 | 0.03 | -3.43 | -1.16 | -0.99 | -0.15 | 1.91 | 3.93 | 3.58 | 3.24 | 7.76 | 9.24 |
9.17 |
|---|
| 2025 | Latest Year-to-Date | 0.14 | -1.85 | -6.69 | -3.68 | -3.11 | -2.08 | 0.29 | 2.91 | 2.22 | 1.72 | 7.07 | 8.87 |
8.83 |
|---|
| 2030 | Latest Year-to-Date | -0.17 | -2.81 | -8.16 | -4.77 | -4.12 | -3.03 | -0.48 | 2.59 | 1.71 | 1.23 | 7.30 | 9.29 |
9.25 |
|---|
| 2035 | Latest Year-to-Date | -0.24 | -2.77 | -7.78 | -5.12 | -4.91 | -4.01 | -1.69 | 1.29 | 0.58 | 0.23 | 6.30 | 8.18 |
8.14 |
|---|
| 2040 | Latest Year-to-Date | -0.18 | -2.34 | -6.68 | -4.56 | -4.74 | -4.01 | -1.92 | 0.86 | 0.36 | 0.17 | 5.79 | 7.41 |
7.37 |
|---|
| 2045 | Latest Year-to-Date | -0.49 | -3.91 | -10.29 | -6.53 | -5.61 | -4.36 | -1.69 | 1.75 | 0.66 | 0.04 | 6.99 | 9.30 |
9.24 |
|---|
2050
| Latest Year-to-Date | -0.48 | -3.79 | -9.99 | -6.10 | -5.10 | -3.82 | -1.13 | 2.33 | 1.21 | 0.56 | 7.42 | 9.76 |
9.67 |
|---|
| 2055 | Latest Year-to-Date | -0.44 | -3.51 | -9.23 | -5.65 | -4.71 | -3.50 | -1.03 | 2.16 | 1.10 | 0.50 | 6.78 | 8.85 |
8.72 |
|---|
| 2060 | Latest Year-to-Date | -0.35 | -2.84 | -7.33 | -4.24 | -3.42 | -2.37 | -0.37 | 2.18 | 1.31 | 0.80 | 5.89 | 7.46 |
7.27 |
|---|
| 2065 | Latest Year-to-Date | -0.53 | -2.95 | -8.21 | -4.77 | -3.85 | -2.72 | -0.74 | 1.75 | 0.82 | 0.36 | 4.85 | 6.31 |
6.02 |
|---|
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 | | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Final |
|---|
| Retirement Allocation Fund | Latest Year-to-Date | 3.65 | 1.64 | 5.59 | 3.65 | 6.06 | 7.65 | 6.79 | 10.74 | 6.55 | 14.75 | 5.15 | 9.20 |
9.18 |
|---|
| Monthly Change | 3.65 | -2.01 | 3.95 | -1.94 | 2.41 | 1.59 | -0.86 | 3.95 | -4.19 | 8.20 | -9.60 | 4.05 |
|
|---|
| 2020 | Latest Year-to-Date | 2.23 | 2.83 | 3.83 | 5.11 | 5.03 | 7.16 | 7.44 | 8.55 | 8.78 | 9.43 | 10.16 | 11.00 |
10.54 |
|---|
| 2025 | Latest Year-to-Date | 3.14 | 4.08 | 5.04 | 6.64 | 5.49 | 8.38 | 8.73 | 9.24 | 9.86 | 10.83 | 12.07 | 13.37 |
13.05 |
|---|
| 2030 | Latest Year-to-Date | 3.47 | 4.50 | 5.30 | 6.92 | 5.43 | 8.45 | 8.81 | 9.05 | 9.89 | 10.96 | 12.39 | 13.83 |
13.65 |
|---|
| 2035 | Latest Year-to-Date | 3.26 | 4.19 | 4.87 | 6.37 | 0.09 | 7.91 | 8.24 | 8.54 | 9.38 | 10.37 | 11.76 | 13.12 |
13.01 |
|---|
| 2040 | Latest Year-to-Date | 3.32 | 4.26 | 4.92 | 6.40 | 5.17 | 7.92 | 8.26 | 8.63 | 9.43 | 10.27 | 11.57 | 12.78 |
12.69 |
|---|
| 2045 | Latest Year-to-Date | 4.19 | 5.50 | 6.24 | 8.08 | 5.73 | 9.25 | 9.54 | 9.24 | 10.31 | 11.61 | 13.22 | 14.98 |
14.84 |
|---|
| 2050 | Latest Year-to-Date | 4.18 | 5.47 | 6.18 | 7.95 | 5.60 | 9.04 | 9.27 | 8.95 | 9.96 | 11.18 | 12.69 | 14.34 |
14.14 |
|---|
| 2055 | Latest Year-to-Date | 4.14 | 5.35 | 5.97 | 7.53 | 5.21 | 8.39 | 8.50 | 8.13 | 9.00 | 10.03 | 11.32 | 12.70 |
12.36 |
|---|
| 2060 | Latest Year-to-Date | 3.66 | 4.62 | 5.01 | 6.16 | 4.12 | 6.58 | 6.50 | 6.10 | 6.69 | 7.37 | 8.22 | 9.12 |
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** | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Final |
|---|
| Retirement Allocation Fund | Latest Year-to-Date | 1.66 | -0.30 | 0.61 | -0.70 | 1.28 | -0.21 | 1.78 | 2.19 | 1.53 | -1.22 | 2.32 | -0.77 |
1.74 |
|---|
| Monthly Change | 1.66 | -1.96 | 0.91 | -1.31 | 1.98 | -1.49 | 1.99 | 0.41 | -0.66 | -2.75 | 3.54 | -3.09 | |
|---|
| 2020 | Latest 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 |
|---|
| 2025 | Latest 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 |
|---|
| 2030 | Latest 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 |
|---|
| 2035 | Latest Year-to-Date | 1.66 | 0.59 | 0.50 | 1.04 | 2.10 | 1.72 | 3.13 | 4.57 | 4.50 | 1.14 | 2.27 | -0.22 |
-0.23 |
|---|
| 2040 | Latest 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 |
|---|
| 2045 | Latest 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 |
|---|
| 2050 | Latest Year-to-Date | 1.66 | -0.41 | -0.78 | 0.89 | 1.91 | 1.51 | 3.21 | 4.61 | 4.57 | 0.22 | 1.41 | -2.06 |
-2.05 |
|---|
| 2055 | Latest Year-to-Date | 1.66 | -0.42 | -0.78 | 0.87 | 1.89 | 1.45 | 3.12 | 4.47 | 4.42 | 0.09 | 1.25 | -2.16 |
-2.14 |
|---|
| 2060 | Latest 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) |
|---|
| | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Final |
|---|
| 2017 | Latest Year-to-Date | 0.99 | 2.19 | 2.91 | 4.81 | 6.40 | 7.07 | 8.66 | 9.76 | 10.76 | 12.13 | 13.93 | 14.92 |
14.72 |
|---|
| Monthly Change | 0.99 | 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 | 0.90 | 1.71 | 1.72 | 2.45 | 4.62 | 4.78 | 5.68 | 4.51 | 4.86 | 7.14 |
7.13 |
|---|
| Monthly Change | -2.87 | -0.02 | 3.79 | 0.81 | 0.01 | 0.73 | 2.17 | 0.16 | 0.90 | -1.17 | 0.35 | 2.28 | |
| 2015 | Latest Year-to-Date | -0.36 | 1.97 | 2.34 | 3.36 | 3.45 | 2.71 | 2.90 | -0.10 | -0.10 | 3.10 | 2.72 | 1.87 |
1.85 |
|---|
| Monthly Change | -0.36 | 2.33 | 0.37 | 1.02 | 0.09 | -0.74 | 0.19 | -3.00 | 0.00 | 3.20 | -0.38 | -0.85 | |
| 2014 | Latest 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 | 1.44 | 1.94 | -0.87 | 1.16 | -0.55 | 0.60 | 0.76 | -0.35 | |
| 2013 | Latest Year-to-Date | 1.82 | 2.03 | 4.32 | 6.01 | 5.61 | 5.27 | 7.53 | 6.35 | 10.07 | 12.25 | 13.02 | 15.89 |
15.59 |
|---|
| Monthly Change | 1.82 | 0.21 | 2.29 | 1.69 | -0.40 | -0.34 | 2.26 | -1.18 | 3.72 | 2.18 | 0.77 | 2.87 | |
| 2012 | Latest Year-to-Date | 2.79 | 5.15 | 6.64 | 6.44 | 2.64 | 6.68 | 7.71 | 8.65 | 10.56 | 10.26 | 11.07 | 14.19 |
14.09 |
|---|
| Monthly Change | 2.79 | 2.36 | 1.49 | -0.20 | -3.80 | 4.04 | 1.03 | 0.94 | 1.91 | -0.30 | 0.81 | 3.12 | |
| 2011 | Latest Year-to-Date | 0.80 | 2.44 | 4.82 | 7.07 | 6.41 | 7.34 | 6.98 | 3.24 | 0.18 | 4.84 | 3.40 | 2.21 |
2.15 |
|---|
| Monthly Change | 0.80 | 1.64 | 2.38 | 2.25 | -0.66 | 0.93 | -0.36 | -3.74 | -3.06 | 4.66 | -1.44 | -1.19 | |
| 2010 | Latest Year-to-Date | -1.44 | -0.80 | 2.07 | 3.11 | -1.35 | -1.18 | 2.50 | 1.25 | 6.19 | 8.20 | 7.30 | 12.29 |
12.13 |
|---|
| Monthly Change | -1.44 | 0.64 | 2.87 | 1.04 | -4.46 | 0.17 | 3.68 | -1.25 | 4.94 | 2.01 | -0.90 | 4.99 | |
| 2009 | Latest Year-to-Date | -2.94 | -6.96 | -8.44 | -2.85 | 2.14 | 0.64 | 5.59 | 8.18 | 13.06 | 12.47 | 14.88 | 18.48 |
18.47 |
|---|
| Monthly Change | -2.94 | -4.02 | -1.48 | 5.59 | 4.99 | -1.50 | 4.95 | 2.59 | 4.88 | -0.59 | 2.41 | 3.60 | |
| 2008 | Latest 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 | -0.84 | 3.06 | 0.92 | -4.35 | -1.55 | -0.80 | -6.67 | -9.38 | -2.96 | -0.26 | |
| 2007 | Latest Year-to-Date | 0.67 | 0.68 | 2.06 | 4.46 | 7.50 | 7.53 | 6.35 | 6.51 | 10.25 | 12.67 | 9.85 | 9.49 |
9.46 |
|---|
| Monthly Change | 0.67 | 0.01 | 1.38 | 2.40 | 3.04 | 0.03 | -1.18 | 0.16 | 3.74 | 2.42 | -2.82 | 0.08 | |
| 2006 | Latest Year-to-Date | N/A | N/A | N/A | N/A | N/A | N/A | 4.40 | 6.08 | 7.43 | 11.43 | 13.52 | 15.12 |
14.98 |
|---|
| Monthly Change | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.68 | 1.35 | 4.00 | 2.09 | 1.60 | N/A |
| 2005 | | 12.80 |
|---|
| 2004 | | 12.77 |
|---|
Current IAP
earnings (for retired members receiving IAP installment payments)