-
Employer Retirement Contribution Rate Changes
Jun 15, 2023, 8:44 AM By MOSERSThe employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees every year.
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, 2023.
The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2023, are as follows:
Fiscal Year Effective Date MSEP, MSEP 2000, MSEP 2011 Judicial Plan, Judicial Plan 2011 FY 24 07/01/2023 27.26% 59.83% FY23 07/01/2022 26.33% 60.17% 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, 2023, as needed.
If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and no additional action is required of you.
For more information about Employer Contributions, please visit our website.
-
Employer Retirement Contribution Rates
Jun 15, 2022, 10:16 AM By MOSERSThe employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees every year. 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, 2022.
The changes to the employer retirement contribution rates for the respective plans, effective July 1, 2022, are as follows:
Fiscal Year Effective Date MSEP, MSEP 2000, MSEP 2011 Judicial Plan, Judicial Plan 2011 FY23 07/01/2022 26.33% 60.17% FY22 07/01/2021 23.51% 61.94% There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.
If you are a Non-SAM II employer, please take note and adjust retirement contributions, effective July 1, 2022, as needed.
If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and no additional action is required of you.
For more information about Employer Contributions, please visit our website.
-
SAM II Agencies - Missed Employee Retirement Contributions
Dec 15, 2021, 8:26 AM By MOSERSWhen employee retirement contributions are not withheld from an employee’s payroll check due to service corrections or retroactive enrollments, the missed contribution(s) will be deducted from the employee’s future payroll checks.
In situations when the employee retirement contribution was not deducted from multiple payroll checks, the payment of the missed contributions will be spread over the same number of payroll checks. For example, if employee contributions were not deducted from two payroll checks, catch-up contributions will be collected in addition to regular retirement contributions from a total of two future payroll checks.
MOSERS will notify the Office of Administration (OA) when contributions were not withheld from a member’s payroll and need to be collected. OA will notify the employee’s human resource personnel, who should relay the information to their employee to make them aware of the additional contribution that will be withheld from their upcoming payroll check(s).
-
Employer Retirement Contribution Rates
Jun 15, 2021, 8:32 AM By MOSERSThe employer retirement contribution rate is calculated by MOSERS’ external actuary and is certified by the MOSERS Board of Trustees every year. 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, 2021.
The changes to the employer retirement contribution rates for the respective plans effective July 1, 2021 are as follows:
Fiscal Year Effective Date MSEP, MSEP 2000, MSEP 2011 Judicial Plan, Judicial Plan 2011 FY22 07/01/2021 23.51% 61.94% FY21 07/01/2020 22.88% 63.38% There are no changes to the employer contribution rates for CURP, basic life insurance, and long-term disability benefits.
If you are a Non-SAM II employer, please take note and adjust retirement contributions effective July 1, 2021 as needed.
If you are a SAM II employer, contributions occur automatically as a percentage of payroll, and no additional action is required of you.
For more information about Employer Contributions, please visit our website.
Topics
-
Annual Benefit Statement
(2)
-
Benefit-Eligible Position
(3)
-
Employee Education
-
Employer Education
-
Forms
(4)
-
Leave
-
Life Insurance
(12)
-
Long-Term Disability
(12)
-
MOSERS Month
(5)
-
Pension Benefits
-
Pension Plans
-
Phoenix
(16)
-
Reemployment
(6)
-
Reports
(18)
-
Retirement Process
(8)
-
SEBES
(3)
-
Separation of Service
(6)
-
Termination
(11)
-
Transfers
(6)