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Employer Retirement Contribution Rate Changes

Jun 13, 2024, 10:01 AM by MOSERS

The employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees annually.

As a reminder, the employer retirement contribution rates for MSEP, MSEP 2000, and MSEP 2011, as well as for the Judicial Plan and Judicial Plan 2011, are changing effective July 1, 2024.

The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2024, are as follows:

Fiscal YearEffective DateMSEP, MSEP 2000, MSEP 2011Judicial Plan, Judicial Plan 2011
FY2507/01/202428.75%61.34%
FY2407/01/202327.26%59.83%
 

There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.

If you are a local employer, please take note and adjust retirement contributions, effective July 1, 2024, as needed.

If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and you do not need to take any additional action.

See Employer Contributions for more information.

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