Local Employer Pension Contributions

Local Employer Pension Contributions are for State Fiscal Year 2019

All contribution rates below are for the Public Employees' Retirement System.

Please select the year below to see required pension contributions for previous years.

Fiscal Year Due Date Local Full Rate (Without Reduction)
6/30/17 4/01/19 14.11% 14.11%
6/30/16 4/01/18 13.37% 13.37%
6/30/15 4/01/17 12.91% 12.91%
6/30/14 4/01/16 12.46% 12.46%
6/30/13 4/01/15 11.92% 11.92%
6/30/12(5) 4/01/14 10.92% 10.92%
6/30/11(4) 4/01/13 11.21% 11.21%
6/30/10(3) 4/01/12 11.14% 11.14%
6/30/09 4/01/11 11.05% 11.05%
6/30/08 4/01/10 8.95% 8.95%
6/30/07(1)(2) 4/01/09 4.47% 8.05%
6/30/06(1) 4/01/08 6.18% 7.72%
6/30/05(1) 4/01/07 3.55% 5.91%
6/30/04(1) 4/01/06 1.98% 4.969%
6/30/03(1) 4/01/05 0.73% 3.65%
6/30/02(1) 4/01/04 0.00% N/A
6/30/01 4/01/03 0.00% N/A
6/30/00 4/01/02 0.00% N/A
6/30/99 4/01/01 0.00% N/A
6/30/98 4/01/00 0.00% N/A
6/30/97 4/01/99 0.00% N/A
6/30/96 4/01/98 0.00% N/A

Notes

(1) P.L. 2003, c. 108 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) P.L. 2009, c. 19 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. P.L. 2011, c. 78 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.

Note: The PERS annual appropriation bills are based on the second calendar quarter report of contributions. For example, the bill due 4/1/13 are based on the 3/31/11 report of contributions. (two year lag). The salaries are annualized then multiplied by the applicable rates which are shown above.

All Contribution rates below are for the Police and Firemens' Retirement System

Please select the year below to see required pension contributions for previous years.

Based on 2nd Quarter Report of Following Years Payment Due Date Contribution Rates Full Rate (Without Reduction)
2017 4/01/19 29.47% 29.47%
2016 4/01/18 27.35% 27.35%
2015 4/01/17 25.51% 25.51%
2014 4/01/16 25.67% 25.67%
2013 4/01/15 24.32% 24.32%
2012 4/01/14 523.25% 23.25%
2011 4/01/13 425.14% 25.14%
2010 4/01/12 324.06% 24.06%
2009 4/01/12 331.66% 31.66%
2008 4/01/11 29.36% 29.36%
2007 4/01/10 25.88% 25.88%
2006 4/01/09 213.19% 25.39%
2005 4/01/08 124.73% N/A
2004 4/01/07 116.97% 21.22%
2003 4/01/06 111.08% 18.47%
2002 4/01/05 15.93% 14.84%
2001 4/01/04 2.53% 12.63%
2000 4/01/03 0.00% N/A
1999 4/01/02 0.00% N/A
1998 4/01/01 4.14% N/A
1998 4/01/01 12.36% N/A
1997 4/01/00 12.36% N/A
1997 4/01/00 14.97% N/A
1996 4/01/99 15.73% N/A
1995 4/01/98 14.69% N/A
1994 4/01/97 15.89% N/A
1993 4/01/96 12.99% N/A
1992 4/01/95 9.87% N/A

(1) P.L. 2003, c. 108 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)P.L. 2009, c. 19 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. P.L. 2011, c. 78 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: Friday, 10/19/18