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Does the employer contribution rate change apply to MIP DC Converted and Basic DC Converted members during the 2012 Reform?

Does the employer contribution rate change apply to MIP DC Converted and Basic DC Converted members during the 2012 Reform?

No, the new law does not affect members who converted to the DC plan before September 4, 2012. These members already receive the mandatory 4% employer contribution. They will not receive the additional employer match (which begins February 1, 2018).

Created 8/7/2017