Contribution Rates
Below are the employer contribution rates for the current fiscal year and the past five fiscal years.
If you are a SAM II employer, contributions occur automatically as a percentage of payroll and no additional action is required of you.
If you are a Non-SAM II employer, for each July 1 payroll, please review and adjust contributions as needed (for the benefits applicable to your agency).
Employer Contribution Rate for Pension Plans
Rates as a Percentage of Payroll
| Fiscal Year | Effective Date | MSEP, MSEP 2000, MSEP 2011 | Judicial Plan, Judicial Plan 2011 | College & University Retirement Plan (CURP) |
|---|---|---|---|---|
| FY25 | 07/01/2024 | 28.75% | 61.34% | 6.00% |
| FY24 | 07/01/2023 | 27.26% | 59.83% | 6.00% |
| FY23 | 07/01/2022 | 26.33% | 60.17% | 6.00% |
| FY22 | 07/01/2021 | 23.51% | 61.94% | 6.00% |
| FY21 | 07/01/2020 | 22.88% | 63.38% | 6.00% |
| FY20 | 07/01/2019 | 21.77% | 63.80% | 6.00% |
| FY19 | 07/01/2018 | 20.21% | 63.71% | 6.00% |
| FY18 | 07/01/2017 | 19.45% | 62.09% | 6.19% |
| FY17 | 07/01/2016 | 16.97% | 58.45% | 5.67% |
| FY16 | 07/01/2015 | 16.97% | 58.45% | 5.89% |
Employer Contribution Rate for Basic Life Insurance
Rates as a Percentage of Payroll
| Effective Date | Status of Member | Rate as a Percentage of Payroll |
|---|---|---|
| 01/01/2021 | Active | 0.237% |
| 01/01/2019 | Active | 0.315% |
| 01/01/2018 | Active | 0.315% |
| 01/01/2017 | Active | 0.32% |
| Effective Date | Status of Member | Rate as a Percentage of Payroll |
| 07/01/2005 | Retired | 0.115% |
Employer Contribution Rate for Long-Term Disability Benefits
Rates as a Percentage of Payroll
| Effective Date | End Date | Rate as a Percentage of Payroll |
|---|---|---|
| 01/01/2021 | NA | 0.40% SAM II Agencies 0.445% Non-SAM II Agencies |
| 07/01/2020 | 12/31/2020 | 0.40% SAM II Agencies 0.55% Non-SAM II Agencies |
| 01/01/2016 | 06/30/2020 | 0.475% SAM II Agencies 0.55% Non-SAM II Agencies |
| 01/01/2008 | 12/31/15 | 0.495% SAM II Agencies 0.55% Non-SAM II Agencies |