Contributions

Tier I: Contribution Rates

Tier II: Contribution Rates

Tier III: Contribution Rates

Tier IV: Contribution Rates

Tier V: Contribution Rates

  • General Tier V Contribution Rate for Fiscal Year 18-19  7.23% flat rate
  • Safety Tier V Contribution Rate for Fiscal Year 18-19  12.07% flat rate
Description for Paper Stub
Description for On-Line View
Long PeopleSoft Description
Definition
RETMIS Ret Misc Miscellaneous Retirement General Member Tier I recurring retirement contribution deduction
RETMSP  RetMisSup Retirement Miscellaneous Supp General Member Tier I recurring settlement (supplemental) contribution deduction resulting from the 2000 Settlement Agreement
RETM30  RetMisOv30  Misc Retirement-Over 30 Years General Member Tier I hired before 1973 do not contribute when they have accumulated 30 years of service credit. The employer continues to contribute
RMSP30 RetMisSp30 Misc Retirement Supp 30 General Member Tier I hired before 1973 do not contribute when they have accumulated 30 years of service credit. The employer continues to contribute
RETMS2  RETMS2  MISC RETIREMENT 2 General Member Tier II recurring retirement contribution deduction
RETMS3 RM3 Retire Misc 3 General Member Tier III recurring retirement contribution deduction
RETMU Ret Makeup Retirement Make-up General Members (All Tiers)- Payment for annuity component for members with a purchase agreement; the repayment is deducted and accounted for separately from the recurring retirement contribution.
MCOLA  M Ret COLA Misc Ret COLA Make-Up General Members (All Tiers) - Payment for COLA component for members with a purchase agreement; the COLA portion is deducted and accounted for separately from the normal contribution.
RETSFT Ret Safety Safety Retirement Safety Member Tier I recurring retirement contribution deduction
RETSSP Ret SafeSp Safety Retirement Supplemental Safety Member Tier I recurring settlement (supplemental) contribution deduction resulting from the 2000 Settlement Agreement
RETS30 RetSafOv30  Safety Retirement-Over 30 Years Safety Members Tier I that have 30 or more years of service do not contribute towards. Your employer continues to make contributions
RSSP30 RetSafSp30  Safety Retirement Supp 30 Safety Members Tier I that have 30 or more years of service do not contribute towards. Your employer continues to make contributions
RETSF2 RETSF2 RETIREMENT SAFETY 2 TIER Safety Member Tier II recurring retirement contribution deduction
RTSS23 2TSRTRSP30 Safety Retirement Supp 30 2 Tr Safety Members Tier II that have 30 or more years of service do not contribute toward retirement. Your employer continues to make contributions
SRETMU Saf Makeup Safety Retirement Make-Up Safety Members (All Tiers) - Payment for annuity component for members with a purchase agreement; the repayment is deducted and accounted for separately from the recurring retirement contribution
SCOLA Saf Makeup Safety Retirement COLA Make-Up Safety Members (All Tiers) - Payment for COLA component for members with a purchase agreement; the COLA portion is deducted and accounted for separately from the normal contribution

Download Deduction Descriptions