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Contribution Stabilization Program

Graded Rates

  • 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. Future graded rates are capped at an annual increase or decrease of 1 percent of total salaries.
  • Graded rates exclude any employer group life insurance owed that fiscal year.
System Average Actuarial Rate Original Contribution Program Graded Rate
Employees’ Retirement System
2011 11.9 9.5
2012 16.3 10.5
2013 18.9 11.5
2014 20.9 12.5
2015 20.1 13.5
2016 18.2 14.5
2017 TBD 15.5
Police and Fire Retirement System
2011 18.2 17.5
2012 21.6 18.5
2013 25.8 19.5
2014 28.9 20.5
2015 27.6 21.5
2016 24.7 22.5
2017 TBD 23.5

(Rev. 10/14)