The dollar value of your PERS account as of a given date. This account consists of all contributions and earnings received as of December 31, 2003, plus any earnings received after December 31, 2003..
If your monthly benefit, when computed as an Option 1
(non-refund) benefit, is less than $200, PERS will pay you the actuarial equivalent in a single payment rather than as a monthly benefit. This payment will be twice the amount in your member account because it will include an employer match of your account balance The dollar value of your PERS account as of a given date. This account consists of all contributions and earnings received as of December 31, 2003, plus any earnings received after December 31, 2003..