Increases to contribution rates for three pension plans effective July 1, 2014
Continuing with a strategy to gradually adjust to the necessary contribution rates for three pension plans, in February 2014 lawmakers approved rate increases in three pension plans – the Public Employee; Game Warden Highway Patrol and DCI; and Paid Fire B pension plans. The first of the increases took effect on July 1, 2014, and for some plans additional increases will occur in the coming years.
House Enrolled Act 11 modified the amount of the increases and phase in periods from the 2013 legislative session, which also increased contributions to these three plans. No other plans will be impacted.
View the following page for overview of the increases for each plan...