Employers' Pensions and Benefits Administration Manual (EPBAM)
   

 

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

Required Pension Contributions, 2015 PERS Local Employers
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%
6/30/13
4/01/15
11.92%
11.92%

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 2005, 60% DUE IN 2006, 80% DUE IN 2007, UNTIL 100% OF THE ACTUARIAL AMOUNT IS DUE IN 2008.

(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) DUE TO A CHANGE BETWEEN VALUATION YEARS AND CONTRIBUTION YEAR FROM THREE YEARS TO TWO YEARS, THE 2012 CONTRIBUTION RATE IS NOW BASED ON 2010 INSTEAD OF 2009. CHAPTER 78, P.L. 2011 SUSPENDED COLA FOR ALL CURRENT AND FUTURE RETIREES.

(4) RATE 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.

 

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Last Updated: November 13, 2014