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What changed on the Employer Contribution Rates table effective October 1, 2017?
The new law required only one change to the Employer Contribution Rates table effective October 1, 2017 through January 31, 2018. The contribution rate for employers on the DC Plan (the column labeled “Pension Plus to DC with PHF”) will go from 3% to 7%. The additional 4% is a new mandatory employer contribution. This does not include the 2% contribution for PHF.