Contributions
As a member in the SFERS Miscellaneous Old Plan, the base contribution rate is set at 8.0% of covered pay (including overtime).
As a member in the SFERS Miscellaneous New Plans, the base contribution rate is set at 7.5% of covered pay (excluding overtime).
As a result of contribution cost-sharing provisions established under Proposition C of November 2011, the member contribution rate will be adjusted once a year effective each July 1 based on:
- the City’s required contribution amount each fiscal year
- the member’s hourly base rate of pay at each June 30 each year
Contribution Rates for SFERS Miscellaneous Plan Members, Effective July 1, 2017:
| Member Plan | Base Rate of Pay at June 30, 2017*: | ||
| Less than $27.5923 per hour or its equivalent | At or above $27.5923 per hour or its equivalent, but less than $55.1849 per hour or its equivalent | At or above $55.1849 per hour or its equivalent | |
Base Member
|
Adjusted Member
|
Adjusted Member
|
|
| Miscellaneous Old Plan – A8.509 |
No Adjustment: 8.0% |
11.5% | 12.0% |
| Miscellaneous New Plan Tier I – A8.587 |
No Adjustment: 7.5% |
11.0% | 11.5% |
| Miscellaneous New Plan Tier II – A8.600 |
No Adjustment: 7.5% |
11.0% | 11.5% |
| Miscellaneous New Plan Tier III – A8.603 |
No Adjustment: 7.5% |
11.0% | 11.5% |
| 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 2017-18 is the rate referenced on your paycheck (or advice notice) dated July 11, 2017. 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 personnel officer.
