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FY 2012-2013 - Employer Contribution Rate - Effective October 1, 2012 With TRO in Effect

FY 2012-2013: October 1, 2012 - September 30, 2013

  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%

  *Basic, MIP Fixed, MIP Graded, MIP Plus  **Pension Plus