2016-17 Contribution Rates

At its December 4th meeting, the ASRS Board of Trustees accepted valuations for the various ASRS plans also approved new contribution rates for fiscal year 2016-17 for the Defined Benefit Plan (which includes the health insurance supplement and the Long Term Disability Plan). The new contribution rates take effect July 1, 2016.

With a challenging investment environment, the contribution rate for the defined benefit plan will decrease by 0.01 percent, and contribution rate for the long term disability plan will slightly increase by 0.02 percent.

The total contribution rate for employees will be 11.48 percent, which will be matched by the employers. The matching employer contribution includes 0.56% for the 401(h) health insurance benefit.

For more information, visit Contribution Rates.

Alternate Contribution Rates

The Board also set the Alternate Contribution Rate (ACR) charged to employers who hire ASRS retirees returning to work for an ASRS employer. The new rate of 9.47 percent takes effect July 1, 2016.

For more information, visit Alternate Contribution Rates.

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