Contributions
Below are the contribution rates for Sheriff Plan members, effective July 1, 2024.
Contribution Rates by Base Rate of Pay
The base rate of pay is based on your rate of pay as of June 30, 2024.
| Plan | Base Rate | Adjusted Rate | Adjusted Rate |
|---|---|---|---|
| Less than $67.5467 per hour or its equivalent | At or above $67.5467 per hour or its equivalent | ||
| A8.608 | 9.0% | 10.5% | 11.0% |
| Your member contribution rate may be adjusted in the range of +4.0% to -4.0% | Your member contribution rate may be adjusted in the range of +5.0% to -5.0% |
* The hourly base rate of pay used to determine your contribution rate for FY 2024-25 is the rate referenced on your paycheck dated July 16, 2024. Your contribution rate will not change during the fiscal year, even if your rate of pay changes during the fiscal year. If you have a question about your hourly base rate of pay, please contact your department’s Personnel Officer.
Contributions to the pension plan are for the sole purpose of retirement. You cannot borrow money from your SFERS pension account under any circumstance. Funds may be withdrawn only after you separate from employment.
Frequently Ask Questions
SFERS credits service to you as it is purchased. The service you are purchasing will be reflected on your Annual Member Statement once the purchase is complete.Â
Typically, you will receive your refund within eight (8) weeks from the latter of 1) your termination date, 2) the date of receipt of your last check, or 3) your refund request date.
