PERS reports $9.2 billion preliminary earnings for 2025, funded status rises to ~80%
The Public Employees Retirement System reported a preliminary $9.2 billion earnings crediting for 2025, lifting reserves to $106.2 billion and reducing the unfunded accrued liability by an estimated $2.5 billion; committee acknowledged the report and members discussed implications for employer contribution rates.
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The Public Employees Retirement System reported to the Ways and Means committee that the PERS board approved a preliminary net earnings crediting of $9.2 billion for calendar year 2025, bringing system reserves from $97.1 billion to $106.2 billion.
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