Department of Retirement Systems (DRS) collects all contribution rates currently in effect, please refer to the following link for more details.
The tables below show the adopted contribution rates for the 2019-21 Biennium and the projected contribution rates for the 2021-23 and 2023-25 Biennia.
The 2019-21 Biennium rates were adopted by the Pension Funding Council and the Law Enforcement Officers’ and Fire Fighters’ Plan 2 Board during the summer of 2018. These rates are based on the
2017 Actuarial Valuation Report and are subject to review by the Legislature during the 2019 Session.
For informational purposes only, OSA calculates projected contribution rates based on the most recent AVR, asset returns, and legislative changes. Please see the
projection disclosures for assumptions beyond the AVR. Please note, adopted rates for these biennia will be based on a future AVR and reflect updates to data, assets, and any legislative changes. Also, during the summer of 2019 we expect to publish an updated
Economic Experience Study and a
Demographic Experience Study, both of which could impact contribution rates starting with the 2021-23 Biennium.