Contributions

Mandatory pre-tax retirement contributions are deducted from your pay check each pay period to help with the cost of providing your retirement benefits. Member contributions are calculated as a percentage of your salary, known as the “member contribution rate”.

Member Plan

Member Contribution Base Rate

 Miscellaneous Old Plan: A8.509 8.0% of covered pay (including overtime)

Miscellaneous New Plan Tier I: A8.587

Miscellaneous New Plan Tier II: A8.600

Miscellaneous New Plan Tier III: A8.603

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:

  1. the City’s required contribution amount each fiscal year
  2. the member’s hourly base rate of pay at each June 30 each year


Contribution Rates for SFERS Miscellaneous Plan Members, Effective July 1, 2018:

Member Plan                         

Base Rate of Pay at June 30, 2018*:

Less than $28.4035 per hour or its equivalent  

At or above $28.4035 per hour or its equivalent, but less than $56.8073 per hour or its equivalent

At or above $56.8073 per hour or its equivalent

Member Plan

Member Contribution Base Rate

Adjusted Member
Contribution Rate

Adjusted Member
Contribution Rate

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 2018-19 is the rate referenced on your paycheck dated July 10, 2018. 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.

Contributions to the pension plan are solely for the purpose of retirement. You cannot borrow money from your SFERS pension account under any circumstance. Funds may be withdrawn for retirement or in the case of separation of employment.

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