Employers' Pensions and Benefits Administration Manual (EPBAM)
   

 

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Police and Firemen's Retirement System (PFRS)
Employer Annual Pension Contribution Rates
(Rounded)


Required Pension Contributions, 2018 PFRS Local Employers
Required Pension Contributions, 2017 PFRS Local Employers
Required Pension Contributions, 2016 PFRS Local Employers
Required Pension Contributions, 2015 PFRS Local Employers
Required Pension Contributions, 2014 PFRS Local Employers
Required Pension Contributions, 2013 PFRS Local Employers
Required Pension Contributions, 2012 PFRS Local Employers
Required Pension Contributions, 2011 PFRS Local Employers
Required Pension Contributions, 2010 PFRS Local Employers
Required Pension Contributions, 2009 PFRS Local Employers

Required Pension Contributions, 2008 PFRS Local Employers
Required Pension Contributions, 2007 PFRS Local Employers
Required Pension Contributions, 2006 PFRS Local Employers
Required Pension Contributions, 2005 PFRS Local Employers



Based on 2nd Quarter Report of Following Years
Payment Due Date
Contribution Rates
Full Rate
Without Reduction

1992

4/01/95

9.87%

N/A

1993

4/01/96

12.99%

N/A

1994

4/01/97

15.89%

N/A

1995

4/01/98

14.69%

N/A

1996

4/01/99

15.73%

N/A

1997

4/01/00

14.97%

N/A

1997

4/01/00

12.36%

N/A

1998

4/01/01

12.36%

N/A

1998

4/01/01

4.14%

N/A

1999

4/01/02

0.00%

N/A
2000 4/01/03 0.00% N/A
2001 4/01/04 2.53% 12.63%
2002 4/01/05 (1) 5.93% 14.84%
2003 4/01/06 (1) 11.08% 18.47%
2004 4/01/07 (1) 16.97% 21.22%
2005 4/01/08 (1) 24.73% N/A
2006 4/01/09 (2) 13.19% 25.39%
2007 4/01/10 25.88% 25.88%
2008 4/01/11 29.36% 29.36%
2009 4/01/12 (3) 31.66% 31.66%
2010 4/01/12 (3) 24.06% 24.06%
2011 4/01/13 (4) 25.14% 25.14%
2012 4/01/14 (5) 23.25% 23.25%
2013 4/01/15 24.32% 24.32%
2014 4/01/16 25.67% 25.67%
2015 4/01/17 25.51% 25.51%
2016 4/01/18 27.35% 27.35%

(1) CHAPTER 108, P.L. 2003 ALLOWS FOR A PHASE-IN BASIS WITH 20% OF THE ACTUARIALLY CALCULATED AMOUNT FOR 2004. 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 YEAR 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 COST-OF-LIVING ADJUSTMENTS (COLA) FOR ALL CURRENT AND FUTURE RETIREES.

(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.

 

 

 

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Last Updated: October 20, 2017