Published: June 30, 2021
At its May 12, 2021 meeting, the Retirement Board approved the City’s required contribution rate at 24.41% for Fiscal Year 2021-22, a decrease from 26.90% in Fiscal Year 2020-21.
Although the decrease in the City’s contribution rate did not trigger a decrease in the employee rate, if a member’s hourly base rate of pay changed during the fiscal year, their contribution rate for Fiscal Year 2021-22 may have changed as well.
To view the 2021-22 contribution rates and base rate of pay effective as of July 1, 2021, select the “Active Members” tab, scroll to your membership group and select “Contributions”.
