Contributions - percent of pay
The amounts are a percent of gross income. It is determined by state statute and is subject to change.
|
MSRS Retirement Plan |
Employee |
Employer |
Employer Supplemental Increase1 |
|---|---|---|---|
|
General Employee Retirement Plan |
5.50% |
6.25% |
|
|
Correctional Employees Retirement Plan |
9.60% |
14.40% |
4.45% |
|
State Patrol Retirement Plan |
15.40% |
23.10% |
7.00% |
|
Unclassified Retirement Plan |
5.50% |
6.25% |
|
|
Judges Plan - Tier 1: hired prior to July 1, 2013 |
9.00% |
22.50% |
|
|
Judges Plan - Tier 2: hired July 1, 2013 of after |
7.00% |
22.50% |
|
|
Military Affairs Plan |
7.10% |
7.85% |
|
|
Transportation Department Pilots |
7.35% |
7.475% |
|
|
State Fire Marshals Plan |
8.28% |
10.45% |
|
|
Legislators |
9.00% |
* |
1Starting July 1, 2021. The employer supplemental increase will cease upon attainment of 100% funding status or the end
of the 30-year amortization period, whichever is earlier.
*Legislators employer contributions: an appropriation is paid to the retirement system annually when the member retires.