State Agencies
Contributions for state agencies and their employees are given below.
| Employee |
Employer |
Total |
| 3.5% |
15.5% |
19% |
This employer's percentage will increase by 1% annually through the fiscal year ending June 30, 2011, when it tops out at a rate of 16.5%.
Local Government Employers
Members who are employed by local government employers must contribute between 3.5% and 8.5% of their annual compensation. The local governments pay between 10.5% and 15.5% of the employee's compensation. The total local government employer and employee contribution must equal 19%. Each government entity designates as policy how much the employee & employer pays within the given ranges.
| Employee |
Employer |
| Minimum |
Maximum |
Minimum |
Maximum |
| 3.5% |
8.5% |
10.5% |
15.5% |
For the fiscal year ending June 30, 2010, the total employer and employee contributions will be 19%. That total will increase by 1% each year, finally reaching 20% in FY 2011. In addition, the maximum employer contribution rate increases by 1% each fiscal year thereafter to a maximum of 16.5%.
NOTE: If employer contributions are paid more than 30 days after the monthly due dates, they are subject to a late charge of 1.5% of the unpaid balance.