RES 17954 - Laserfiche WebLink

In the PERS Rate History - Employer Rates table below, there is a distinct difference starting in FY 2015/16 for Safety - Police PERS rates and in FY 2017/18 for Misc/Mgmt and Safety/Fire W PERS rates. Specifically, PERS began collecting the employer portion of unfunded liability as a lump sum dollar amount and not as a percent of payroll as they had done in prior years. Thus, for those years, it is difficult to compare the PERS contribution rates to prior years. 3 3 PERS RATE HISTORY- Employer Rates Misc/Mgmt Safety-Fire Safety-Police Rate Rate Rate 2018/19 (projected) 10.8000% + $5,337,651 17.800% + $4,543,26019.700% + $1,734,368 2017/18 (3) 10.3837% + $4,647,472 17.786% + $3,898,33319.723% + $1,266,024 2016/17 26.902% 42.668% 19.536% + $1,061,727 2015/16 (2) 27.290% 39.060% 18.524% + $1,164,272 2014/15 25.659% 36.979% 27.849% 2013/14 24.013% 35.559% 26.149% 2012/13 (1) 21.899% 33.287% 24.706% 2011/12 21.087% 31.880% 33.353% 2010/11 17.319% 27.757% 29.074% 2009/10 16.971% 25.595% 28.010% 2008/09 16.660% 25.042% 27.865% 2007/08 16.615% 24.891% 28.109% (1)Reduction in Safety-Police rate due to payoff of the Police Side Fund on July 1. 2011. (2)Beginning with FY 2015-16 CaIPERS will collect employer contributions toward the Safety-Police unfunded liability and side fund as dollar amounts instead of the prior method of contribution rates. (3)Beginning with FY 2017-18 CaIPERS will collect employer contributions toward the Misc/Mgmt&Safety Fire unfunded liability and side fund as dollar amounts instead of the prior method of contribution rates.