New contribution rates effective July 1, 2024

07/02/2024

contribution rates effective july 1, 2024

In February, the Retirement Board adopted the June 30, 2023 actuarial valuation report, which includes the employer and employee contribution rates effective July 1, 2024.

Employee Contribution Rates

Employee contribution rate tables are included in the actuarial valuation; however, some members contribute an additional percentage based on bargaining agreements that are not reflected in the report.

To find your rate easily, refer to the Employee Contribution Rates booklet which lists employee rates, including the additional cost-sharing information, for all retirement tiers.

Employer Contribution Rates

The Employer Contribution Rates booklet outlines the key rate information found in the actuarial valuation report.