A consulting firm hired by the Oregon Investment Council has recommended increasing the goal as a way to help stabilize employer contribution rates. The Board will consider whether to increase that time to 24 or 30 months. Based on preliminary reports, 23.22 percent earnings are available to distribute to Tier One regular accounts. Members should also be aware that these earnings figures are subject to changes of as much as 2 percent when final figures are available for the year. Actual earnings will not be available until late March, when the Board will make its actual distribution.
Variable accounts receive whatever earnings are available for distribution.
Preliminary earnings reports show that 27.68 percent is available for distribution to variable accounts. Tier Two regular accounts could be impacted by the Board s decisions. Preliminary earnings show that 20.61 percent is available for distribution to Tier Two regular accounts. Any of the above percentages can change based on the final earnings reports received by March. The final results of regular and variable earnings will be posted on your annual statement.