As we prepare for the new fiscal year, we would like to share an update regarding contribution rates.
Effective July 1, 2026, the total contribution rate will decrease slightly from 12.00% to 11.98%. This change is primarily the result of a reduction in the Long-Term Disability (LTD) contribution rate, which offsets a small increase in the retirement contribution rate.
2026-2027 Contribution Rates
2025-2026 Total Rate | 2026-2027 Total Rate | Change |
12.00% | 11.98% | -0.02% |
What Is Changing?
For fiscal year 2026-2027, the retirement contribution rate will increase slightly from 11.86% to 11.87%. However, the LTD contribution rate will decrease from 0.14% to 0.11%. As a result, the combined total contribution rate will decrease from 12.00% to 11.98%.
Contribution Rate Breakdown
Component | 2025-2026 | 2026-2027 |
Retirement Contribution Rate | 11.86% | 11.87% |
LTD Contribution Rate | 0.14% | 0.11% |
Total Contribution Rate | 12.00% | 11.98% |
Members will see the updated contribution rate reflected in payroll deductions beginning with the first pay period of the 2026-2027 fiscal year.
