Opinion ID: 2151564
Heading Depth: 2
Heading Rank: 5

Heading: Employee Accumulation Reserve

Text: ถ 26. The employee accumulation reserve holds the funds contributed by or on behalf of employees. [68] For purposes of this litigation, the account balance of the employee reserve is just short of $10 billion. [69] Unlike the employer reserve, the employee reserve contains individual accounts for each active and inactive employee. [70] All employee contributions, including the percentage of earnings mandated by statute and any additional voluntary contributions, are credited to each employee's individual account. [71] Even if an employer picks up contributions on behalf of the employee, the contributions are credited to the employee's individual account. [72] The funds in the employee reserve are invested in both the fixed and variable trusts, depending upon whether an employee has chosen to invest a portion of the contributions for him or her in the variable trust. [73]