| Financials - Distribution of Earnings |
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|
 |
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|
Year
|
Tier One
|
Tier Two
|
Variable Account
|
IAP Account
|
|
Assumed Rate %
|
Earnings Available for Distribution
|
Credited %
|
Actual %
|
Earnings or Losses Distributed
|
Earnings or Losses Distributed
|
| 12/31/07 |
8.0
|
10.22
|
7.97
|
9.47
|
1.75
|
9.46
|
|
12/31/06
|
8.0
|
15.57
|
8.0
|
15.45
|
15.61
|
14.98
|
|
12/31/05
|
8.0
|
13.04
|
8.0
|
18.31*
|
8.29
|
12.80
|
|
12/31/04
|
8.0
|
13.80
|
8.0
|
13.27
|
13.00
|
12.77
|
|
12/31/03
|
8.0
|
23.79
|
8.0
|
22.00
|
34.68
|
-
|
|
12/31/02
|
8.0
|
-8.93
|
8.0
|
-8.93
|
-21.51
|
-
|
|
12/31/01
|
8.0
|
-7.17
|
8.0
|
-6.66
|
-11.19
|
-
|
|
12/31/00
|
8.0
|
0.63
|
8.00
|
0.54
|
-3.24
|
-
|
|
12/31/99
|
8.0
|
24.89
|
11.33
|
21.97
|
28.83
|
-
|
|
12/31/98
|
8.0
|
15.43
|
14.10
|
13.63
|
21.45
|
-
|
|
12/31/97
|
8.0
|
20.42
|
18.70
|
20.42
|
28.87
|
-
|
|
12/31/96
|
8.0
|
24.42
|
21.00
|
24.42
|
21.06
|
-
|
|
12/31/95
|
8.0
|
20.78
|
12.50
|
-
|
29.92
|
-
|
|
12/31/94
|
8.0
|
2.16
|
8.00
|
-
|
-1.76
|
-
|
|
12/31/93
|
8.0
|
15.04
|
12.00
|
-
|
12.65
|
-
|
|
12/31/92
|
8.0
|
6.94
|
8.00
|
-
|
10.54
|
-
|
|
12/31/91
|
8.0
|
22.45
|
15.00
|
-
|
35.05
|
-
|
|
12/31/90
|
8.0
|
-1.53
|
8.00
|
-
|
-7.84
|
-
|
|
12/31/89
|
8.0
|
19.74
|
14.50
|
-
|
26.84
|
-
|
|
12/31/88
|
7.5
|
16.86
|
13.50
|
-
|
18.62
|
-
|
|
12/31/87
|
7.5
|
9.00
|
7.50
|
-
|
4.54
|
-
|
|
12/31/86
|
7.5
|
22.70
|
18.37
|
-
|
18.98
|
-
|
|
12/31/85
|
7.5
|
21.38
|
15.00
|
-
|
27.99
|
-
|
|
12/31/84
|
7.5
|
7.33
|
7.50
|
-
|
4.00
|
-
|
|
12/31/83
|
7.5
|
18.37
|
13.00
|
-
|
23.12
|
-
|
|
12/31/82
|
7.5
|
15.31
|
11.50
|
-
|
22.39
|
-
|
|
12/31/81
|
7.5
|
4.37
|
7.50
|
-
|
-2.25
|
-
|
|
12/31/80
|
7.5
|
16.92
|
13.00
|
-
|
29.94
|
-
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|
12/31/79
|
7.5
|
12.32
|
11.09
|
-
|
20.40
|
-
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|
12/31/78
|
7.0
|
7.37
|
7.00
|
-
|
7.03
|
-
|
|
12/31/77
|
7.0
|
4.79
|
7.00
|
-
|
-2.62
|
-
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|
12/31/76
|
7.0
|
10.38
|
7.75
|
-
|
18.58
|
-
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|
12/31/75
|
5.5
|
9.19
|
7.5
|
-
|
18.94
|
-
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|
12/31/74
|
5.5
|
0.00
|
5.50
|
-
|
-18.16
|
-
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|
12/31/73
|
-
|
0.00
|
0.00
|
-
|
-16.39
|
-
|
|
12/31/72
|
-
|
7.46
|
7.46
|
-
|
13.87
|
-
|
|
12/31/71
|
-
|
6.27
|
6.27
|
-
|
9.47
|
-
|
|
12/31/70
|
-
|
5.09
|
5.09
|
-
|
7.47
|
-
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|
12/31/69
|
-
|
4.65
|
4.65
|
-
|
-
|
-
|
|
12/31/68
|
-
|
4.25
|
4.25
|
-
|
-
|
-
|
|
12/31/67
|
-
|
4.11
|
4.11
|
-
|
-
|
-
|
|
12/31/66
|
-
|
3.92
|
3.92
|
-
|
-
|
-
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|
12/31/65
|
-
|
3.86
|
3.86
|
-
|
-
|
-
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|
12/31/64
|
-
|
3.85
|
3.85
|
-
|
-
|
-
|
|
12/31/63
|
-
|
3.675
|
3.675
|
-
|
-
|
-
|
|
12/31/62
|
-
|
3.62
|
3.62
|
-
|
-
|
-
|
|
12/31/61
|
-
|
3.287
|
3.287
|
-
|
-
|
-
|
|
12/31/60
|
-
|
3.00
|
3.00
|
-
|
-
|
-
|
|
12/31/59
|
-
|
2.60
|
2.60
|
-
|
-
|
-
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|
12/31/58
|
-
|
2.407
|
2.407
|
-
|
-
|
-
|
|
12/31/57
|
-
|
2.313
|
2.313
|
-
|
-
|
-
|
|
12/31/56
|
-
|
2.108
|
2.108
|
-
|
-
|
-
|
|
12/31/55
|
-
|
1.08
|
1.08
|
-
|
-
|
-
|
|
6/30/55
|
-
|
2.108
|
2.108
|
-
|
-
|
-
|
|
6/30/54
|
-
|
2.15
|
2.15
|
-
|
-
|
-
|
|
6/30/53
|
-
|
2.3498
|
2.3498
|
-
|
-
|
-
|
|
6/30/52
|
-
|
1.88
|
1.88
|
-
|
-
|
-
|
|
6/30/51
|
-
|
1.97
|
1.97
|
-
|
-
|
-
|
|
6/30/50
|
-
|
1.88
|
1.88
|
-
|
-
|
-
|
|
6/30/49
|
-
|
1.74
|
1.74
|
-
|
-
|
-
|
|
6/30/48
|
-
|
1.24
|
1.24
|
-
|
-
|
-
|
|
6/30/47
|
-
|
0.50
|
0.50
|
-
|
-
|
-
|
*2005 Crediting Note:
The Tier Two earnings rate for 2005 based on investment performance was 13.74 percent. The Board also deployed $26 million from the Capital Preservation and Contingency Reserves to the Tier Two fund. As a result, the total Tier Two earnings crediting and reserve deployment rate for 2005 is 18.31 percent.
Other Notes:
ORS 238.255 was added to PERS law in 1975 and guarantees that earnings distribution to a Tier One member´s regular account be no less than the Board´s assumed interest rate for that year.
Variable Account Actual Earnings Crediting was added to PERS law in 1967, becoming operative in 1970.
Tier Two was created by the 1995 Legislature. Tier Two members are those who became members on or after January 1, 1996. Tier Two members do not have a guaranteed return.
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