What will the employer contribution rates be for new members who choose Pension Plus 2?
In FY 2018, employers will contribute 6.2% to the employee’s pension plan, 1% to the employee’s savings component, and 2% to the employee’s Personal Healthcare Fund. Both employer and member contribution rates may change in future years. Employer DC contributions (savings component and PHF) reflect the maximum employer match. Check the Member Benefit Plans link for more information.