Information by Employer Task

Fiscal Year

Due Date

Without Phase-in Credit

6/30/95

4/01/97

N/A

6/30/96⁽¹⁾

4/01/98

N/A

6/30/97⁽¹⁾

4/01/99

6/30/98⁽¹⁾

4/01/00

6/30/99⁽¹⁾

4/01/01

6/30/00⁽¹⁾

4/01/02

6/30/01⁽¹⁾

NOTES

⁽¹⁾ CHAPTER 113, 114, 115, P.L. 1997 WERE SIGNED INTO LAW. THE PENSION SECURITY LEGISLATION ELIMINATED CONTRIBUTIONS FOR THE LOCATIONS (EXCEPT FOR EARLY RETIREMENT INCENTIVES) FOR THE CURRENT YEAR.

⁽²⁾ 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.

NOTE: THE PERS ANNUAL APPROPRIATION BILLS ARE BASED ON THE SECOND CALENDAR QUARTER REPORT OF CONTRIBUTIONS. FOR EXAMPLE, THE BILL DUE 4/01/07 IS BASED ON THE 6/30/05 REPORT OF CONTRIBUTIONS. (TWO YEAR LAG). THE SALARIES ARE ANNUALIZED AND THEN MULTIPLIED BY THE APPLICABLE RATES, WHICH ARE SHOWN ABOVE.