Employers' Pensions and Benefits Administration Manual (EPBAM)
   

 

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Public Employees' Retirement System (PERS)
Employer Pension Contribution Rates (Rounded)

Required Pension Contributions, 2014 PERS Local Employers
Required Pension Contributions, 2013 PERS Local Employers
Required Pension Contributions, 2012 PERS Local Employers
Required Pension Contributions, 2011 PERS Local Employers
Required Pension Contributions, 2010 PERS Local Employers
Required Pension Contributions, 2009 PERS Local Employers
Required Pension Contributions, 2008 PERS Local Employers
Required Pension Contributions, 2007 PERS Local Employers
Required Pension Contributions, 2006 PERS Local Employers
Required Pension Contributions, 2005 PERS Local Employers



Fiscal Year

Due Date

Local

Full Rate
Without Reduction

6/30/96

4/01/98

0.00%

N/A

6/30/97

4/01/99

0.00%
N/A

6/30/98

4/01/00

0.00%
N/A

6/30/99

4/01/01

0.00%
N/A

6/30/00

4/01/02

0.00%
N/A

6/30/01

4/01/03
0.00%
N/A
6/30/02(1)
4/01/04
0.00%
N/A
6/30/03(1)
4/01/05
0.73%
3.65%
6/30/04(1)
4/01/06
1.98%
4.969%
6/30/05(1)
4/01/07
3.55%
5.91%
6/30/06(1)
4/01/08
6.18%
7.72%
6/30/07(1)(2)
4/01/09
4.47%
8.05%
6/30/08
4/01/10
8.95%
8.95%
6/30/09
4/01/11
11.05%
11.05%
6/30/10(3)
4/01/12
11.14%
11.14%
6/30/11(4)
4/01/13
11.21%
11.21%
6/30/12(5)
4/01/14
10.92%
10.92%

NOTES

(1) CHAPTER 108, P.L. 2003 ALLOWS FOR A PHASE-IN BASIS WITH 20% OF THE ACTUARIALLY CALCULATED AMOUNT FOR 2005. THIS APPROACH WILL CONTINUE WITH 40% DUE IN 2006, 60% DUE IN 2007, 80% DUE IN 2008, UNTIL 100% OF THE ACTUARIAL AMOUNT IS DUE IN 2009.

(2) CHAPTER 19, P.L. 2009 ALLOWS FOR A DEFERRAL OF 50% ON NORMAL CONTRIBUTIONS AND ACCRUED LIABILITY. NON CONTRIBUTORY INSURANCE IS NOT SUBJECT TO THE DEFERRAL. THE DEFERRAL AMOUNT WILL BE AMORTIZED FOR 15 YEARS FOR PAYMENTS BEGINNING 2012.

(3) CHAPTER 78, P.L. 2011, PENSION REFORM,REDUCES THE RATE FROM 11.72% TO 11.14%. THIS IS DUE TO THE ELIMINATION OF COST-OF-LIVING ADJUSTMENTS (COLA).

(4) RATE CHART CHANGED DUE TO REVISED ECONOMIC ASSUMPTIONS. 8.25% to 7.95%

(5) RATE BASED ON REVISIONS TO THE 7/1/12 ACTUARIAL REPORT REFLECTED IN THE 7/1/13 REPORT.

NOTE: THE PERS ANNUAL APPROPRIATION BILLS ARE BASED ON THE SECOND CALENDAR QUARTER REPORT OF CONTRIBUTIONS. FOR EXAMPLE, THE BILL DUE 4/01/13 IS BASED ON THE 3/31/11 REPORT OF CONTRIBUTIONS. (TWO YEAR LAG). THE SALARIES ARE ANNUALIZED AND THEN MULTIPLIED BY THE APPLICABLE RATES, WHICH ARE SHOWN ABOVE.

 

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Last Updated: September 10, 2013