December 09, 2016
Employer Contribution Rate for Fiscal Year 2017-2018
The employer contribution rate for fiscal year 2017-2018 will be 32.57%.
The rate applies to salary and wages earned from July 1, 2017 through June 30, 2018.
The rate was determined by PSERS actuary, and certified by the PSERS Board of Trustees at its meeting on December 7, 2016. The employer contribution rate may change if pension legislation is enacted prior to June 30, 2017. The employer contribution rate for fiscal year 2017-2018 consists of 31.74% for pension costs and 0.83% for premium assistance payments. Of the 31.74% portion of the employer contribution rate, 24.04% represents payment toward the unfunded liability.