Contribution Stabilization Program

Graded Rates

Contribution Stabilization Program

  • The increase or decrease in the System 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 System 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.
Fiscal Year System Average
Actuarial Rate
Original Contribution Program
Graded Rate
Employees’ Retirement System
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 15.5 15.1
2018 15.3 14.9
2019 14.9 14.4
2020 14.6 14.2
2021 14.6 14.1
2022 16.2 15.1
Police and Fire Retirement System
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 24.3 23.5
2018 24.4 24.3
2019 23.5 23.5
2020 23.5 23.5
2021 24.4 24.4
2022 28.3 25.4

 


(Rev. 12/20)