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2012/2013 CalPERS Contribution Rates

 

Benefit Formula

Employer Rate

Member (Employee) Rate

Contribution by Employees

Safety - Fire

3% @ 501

22.149%

9%2

9.557%

Safety - Police

3% @ 501

22.454%

9%2

9.252%

Miscellaneous

2% @ 55

4.242%

7%2

7.000%

                      2013/2014 CalPERS Contribution Rates

 

Benefit Formula

Employer Rate

Member (Employee) Rate

Contribution by Employees

Safety - Fire

3% @ 501

25.124%

9%2

9.557%

Safety - Police

3% @ 501

25.429%

9%2

9.252%

Miscellaneous

2% @ 55

5.301%

7%2

7.000%

1 Benefit Formula change to 3% @ 55 is pending.
2 Per Resolution 8600, the City of Fullerton pays the Member Rate on behalf of the employees and reports the payment as compensation to PERS.
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