Charters and Public School Academies
Governmental Accounting Standards Board (GASB)
Charters and Public School Academies
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FY 2012-2013: October 1, 2012 - September 30, 2013 |
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| First Worked before July 1, 2010* | First Worked on or after July 1, 2010, through September 3, 2012** | First Worked on or after September 4, 2012 and remain Pension Plus | First worked on or after September 4, 2012 and elect DC |
The employer contribution rates for the members' health and/or pension elections will be provided after the TRO is lifted. |
|
| Pension Normal Cost (Prefunded) | 3.47% | 2.24% | 2.24% | 0.00% | |
| Pension Unfunded Accrued Liability | 11.42% | 11.42% | 11.42% | 11.42% | |
| Early Retirement Incentive Program | 1.36% | 1.36% | 1.36% | 1.36% | |
| Pension Total Rate | 16.25% | 15.02% | 15.02% | 12.78% | |
| Retiree Health Care Contribution (Cash basis) | 0.93% | 0.93% | 0.00% | 0.00% | |
| Surcharge due to Injunction | 8.18% | 8.18% | 8.18% | 8.18% | |
| Health Total Rate | 9.11% | 9.11% | 8.18% | 8.18% | |
| Grand Total | 25.36% | 24.13% | 23.20% | 20.96% | |