Contribution Stabilization Program
Resources
Some of the above files are in the Portable Document Format (.pdf), which requires Adobe reader. If you do not already have the Adobe reader, you can download a free copy directly from Adobe.
Graded Rates
- For fiscal year 2013, the ERS graded rate is 11.5 percent of total salaries; the PFRS graded rate is 19.5 percent. Future graded rates will be capped at an annual increase or decrease of 1 percent of total salaries.
- The increase or decrease in graded rates depends on the gap between the System’s average rate and the previous graded rate:
- If the gap is 1 percent or more, then the graded rate will increase/decrease by 1 percent in the direction of the System’s average rate.
- If the gap is less than 1 percent, then the graded rate will be set to the System’s average rate.
- The increase/decrease in the graded rates began with contributions due for fiscal year 2011. Since the gap between the System’s average rate and 2013 graded rate is greater than 1 percent, the graded rates for fiscal year 2013 are 11.5 percent for ERS and 19.5 percent for PFRS.
- Graded rates exclude any employer group life insurance owed that fiscal year.
