Contribution Rates for SFERS Safety Plan Members, Effective July 1, 2022. The base rate of pay is determined as of June 30, 2022.
Fire Plan Contribution Rates
|Plan||Base Rate||Adjusted Rate||Adjusted Rate|
|Less than $63.5932 per hour or its equivalent||At or above $63.5932 per hour or its equivalent|
|New Plan Tier III –|
A8.604 (Fire) & A8.605 (Police)
|New Plan Tier II –|
A8.601 (Fire) & A8.602 (Police)
|(Your member contribution rate may be adjusted in the range of +6.0% to -6.0 of the base rate)||(Your member contribution rate may be adjusted in the range of +6.0% to -6.0 of the base rate)|
The hourly base rate of pay used to determine your contribution rate for FY 2022-23 is the rate referenced on your paycheck dated July 18, 2022. 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.
Police Plan Contribution Rates
|Plan||Base Rate||Adjusted Rate|
|New Plan Tier I –|
A8.597 (Police) & A8.598 (Fire)
|(Your member contribution rate may be adjusted in the range of +6.0% to -6.0 of the base rate)|
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 Funds may be withdrawn only after you separate from employment.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.
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.