As we approach the new fiscal year, we prepare for new contribution rates which will take effect July 1, 2019. The contribution rates will increase slightly from 11.80% to 12.11%, which includes the pension and health insurance benefit (11.94%) and long term disability (0.17%). The alternate contribution rate paid by employers for return-to-work retirees will decrease to 10.41%.
The ASRS will send an email to employers in the coming weeks with details about proper reporting procedures for transitioning to the new fiscal year.
Published in the ASRS Employer Newsletter in May 2019
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