Published: June 28, 2016
At its February meeting, the Retirement Board approved the City’s required contribution rate at 21.40% for Fiscal Year 2016-2017, down from 22.80% in Fiscal Year 2015-2016.
As a result, employees impacted by Proposition C cost-sharing provisions for all SFERS Plans: Miscellaneous, Police, Fire, Sheriff and Miscellaneous Safety, will see their contribution rates decrease by 1.00% in Fiscal Year 2016-2017. The new cost-sharing rates are effective July 1, 2016.
To view Fiscal Year 2016-2017 contribution rates, click on Active Members, your member group, then Contributions.
