Contribution Stabilization Program

Graded Rates

Contribution Stabilization Program

The increase or decrease in the Retirement System graded rates depends on the gap between the System 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 average rate.
  • If the gap is less than 1 percent, then the graded rate will be set to the System average rate.

Note: Graded rates are calculated based on a System average rate that does not include employer group term life insurance (GTLI) owed that fiscal year.

Fiscal Year End System Average Rate,
Excluding GTLI
Contribution Stabilization
Program Graded Rate
System Average
Rate with GTLI
Employees’ Retirement System
2012 15.9 10.5 16.3
2013 18.5 11.5 18.9
2014 20.5 12.5 20.9
2015 19.7 13.5 20.1
2016 17.7 14.5 18.2
2017 15.1 15.1 15.5
2018 14.9 14.9 15.3
2019 14.4 14.4 14.9
2020 14.2 14.2 14.6
2021 14.1 14.1 14.6
2022 15.8 15.1 16.2
2023 11.4 14.1 11.6
Police and Fire Retirement System
2012 21.6 18.5 21.6
2013 25.7 19.5 25.8
2014 28.9 20.5 28.9
2015 27.5 21.5 27.6
2016 24.7 22.5 24.7
2017 24.3 23.5 24.3
2018 24.3 24.3 24.4
2019 23.5 23.5 23.5
2020 23.5 23.5 23.5
2021 24.4 24.4 24.4
2022 28.3 25.4 28.3
2023 27.0 26.4 27.0

 


Rev. 8/22