HomeMy WebLinkAboutMINUTES - 06282011 - SD.8RECOMMENDATION(S):
ADOPT the attached Resolution No. 2011/203 as approved by the Retirement Board, which
establishes the retirement plan contribution rates for employers and employees with
membership dates on or after January 1, 2011 effective July 1, 2011 through June 30, 2012.
FISCAL IMPACT:
Although the current impact of these rate changes is small, over time as more and more
employees are hired into positions under the new rate structure, the County will experience
significant savings.
BACKGROUND:
Each year, the Retirement Board establishes contribution rates for employee retirement
plans based on an annual actuarial valuation study. On January 12, 2011, the Retirement
Board adopted resolution establishing employee and employer rates for Tier I, Tier II, Tier
III and Safety retirement plans for the 2011-12 fiscal year. Those rates were adopted by the
Board of Supervisors on March 1 and included in the salary forecast and planning for the
2011-12 budget.
APPROVE OTHER
RECOMMENDATION OF CNTY
ADMINISTRATOR
RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 06/28/2011 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V
Supervisor
Contact: Lisa Driscoll, County Finance
Director 335-1023
I hereby certify that this is a true and correct copy of an action taken and entered on the
minutes of the Board of Supervisors on the date shown.
ATTESTED: June 28, 2011
David Twa, County Administrator and Clerk of the Board of
Supervisors
By: June McHuen, Deputy
cc: Robert Campbell, County Auditor-Controller, Ted Cwiek, Human Resources Director, Marilyn Leedom, CCCERA Chief Executive Officer
SD. 8
To:Board of Supervisors
From:David Twa, County Administrator
Date:June 28, 2011
Contra
Costa
County
Subject:EMPLOYEE RETIREMENT PLAN CONTRIBUTION RATES FOR FISCAL YEAR 2011/2012 FOR
MEMBERS WITH MEMBERSHIP DATES ON OR AFTER JANUARY 1, 2011
At its May 4, 2011 meeting, the Retirement Board reviewed and adopted employer and
employee contribution rates for members with membership date on or after January 1, 2011
as determined in the actuary's letter dated April 26, 2011 (attached). These rates amend
those adopted by the Board of Supervisors on March 1, 2011 and are subject to the
amended policy that determines which pay items are considered compensation for
retirement purposes. These rates will become effective on July 1, 2011.
These rates include the following:
BACKGROUND: (CONT'D)
The interest rate assumption was reduced from 7.8% to 7.75% by Retirement Board
action at its March 10, 2010 meeting.
The rates quoted in these schedules are the employer and employee required rates
without taking into consideration any employer subvention of employee contributions.
Contra Costa County will subvent approximately $17.7 million of employee
contributions in FY 2011-12.
The rates quoted are before any employee-employer cost sharing. A provision in the
law allows safety members to defray the employer's cost of the '3% at 50" enhanced
benefit. Contra Costa County safety members defray a portion of this cost. These cost
sharing agreements vary by bargaining unit.
The rates reflect the Retirement Board action to depool CCCERA's assets, liabilities
and normal cost by employer.
CONSEQUENCE OF NEGATIVE ACTION:
Rates will not be properly applied to employees and the County which will cause an
imbalance between what is owed to the Contra Costa county Employees Retirement
Association and what is put aside for those payments.
CHILDREN'S IMPACT STATEMENT:
None.
ATTACHMENTS
Resolution No. 2011/203
Exhibits A-J
Segal Letter of April 26, 2011
CONTRA COSTA COUNTY
EMPLOYEES RETIREMENT ASSOCIATION
1355 Willow Way, Suite 221, Concord, CA 94520-5728
Telephone: (925) 521-3960, Fax: (925) 646-5747
CONTRA COSTA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
CONTRIBUTION RATE PACKET FOR
MEMBERS WITH MEMBERHSIP DATE
ON OR AFTER JANUARY 1, 2011 FOR:
JULY 1, 2011 THROUGH JUNE 30, 2012
GENERAL - TIERS 1 AND 3Exhibit ACONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATIONEMPLOYER CONTRIBUTION RATES EFFECTIVE FOR JULY 1, 2011 THROUGH JUNE 30, 2012 For Members with Membership Date on or after January 1, 2011Cost Group #3 Cost Group #4Cost Group #5GENERAL TIERS ‐ ENHANCEDDistricts Districts Central Contra Costa Contra Costa Contra Costa CountyTier 1 BASIC Enhanced 2% @ 55Countywithout POBwith POBSanitary DistrictHousing AuthorityFire Protection DistrictFirst $350 monthly & in Social Security11.63% 14.92% 10.38%N/A14.65%9.38%Excess of $350 monthly & in Social Security17.44% 22.38% 15.56%N/A21.97%14.06% All Eligible $ if NOT in Social Security17.44% 22.38% 15.56% 27.82%N/A14.06%Tier 1 COL Enhanced 2% @ 55First $350 monthly3.89% 6.54% 3.88%N/A8.01%3.42%Excess of $350 monthly5.84% 9.81% 5.84%N/A12.01%5.14% All Eligible $ if NOT in Social Security5.84% 9.81% 5.84%11.40%N/A5.14%Non‐Refundability Factor0.95480.95480.95480.95580.95370.9553Cost GroupEmployer NameDistrictsCost Group #1 County GeneralTier 3 BASIC Enhanced 2% @ 55Countywithout POBLAFCOFirst $350 monthly11.49% 14.79%CC Mosquito and Vector Control DistrictExcess of $350 monthly17.24% 22.19%Bethel Island Municipal Improvement DistrictFirst 5 ‐ Children and Families Commission All Eligible $ if NOT in Social SecurityN/A 22.19%Contra Costa County Employees' Retirement AssociationSuperior CourtTier 3 COL Enhanced 2% @ 55East Contra Costa Fire Protection DistrictFirst $350 monthly3.82% 6.47%Moraga‐Orinda Fire Protection DistrictExcess of $350 monthly5.73% 9.70%Rodeo‐Hercules Fire Protection DistrictSan Ramon Valley Fire Protection District All Eligible $ if NOT in Social SecurityN/A 9.70%Cost Group #2County GeneralNon‐Refundability Factor0.9521 0.9521In‐Home Supportive ServicesCC Mosquito and Vector Control DistrictCost Group #6Superior CourtGENERAL TIER NON‐ENHANCEDDistrictsTier 1 BASIC NON‐Enhanced 1.67% @ 55without POBCost Group #3Central Contra Costa Sanitary DistrictFirst $350 monthly12.22%Excess of $350 monthly18.33%Cost Group #4Contra Costa Housing AuthorityTier 1 COL NON‐Enhanced 1.67% @ 55Cost Group #5Contra Costa County Fire Protection DistrictFirst $350 monthly2.89%Excess of $350 monthly4.34%Cost Group #6Rodeo Sanitary DistrictByron Brentwood Cemetery DistrictNon‐Refundability Factor0.9568Cost Group #1Cost Group #2M:\cccera.cli\val2011\special_studies\termpay\contrib rate packet\All Cost Groups 2011‐12 FINALS New.xlsGENERAL FINALPage 105/18/2011
SAFETY - TIERS A AND CExhibit BCONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATIONEMPLOYER CONTRIBUTION RATES EFFECTIVE FOR JULY 1, 2011 THROUGH JUNE 30, 2012 For Members with Membership Date on or after January 1, 2011Cost Group #7Cost Group #10 Cost Group #11SAFETY TIER A ENHANCEDContra Costa County East Contra Costa Moraga‐Orinda San Ramon ValleySafety A BASIC Enhanced 3% @ 50CountyFire Protection DistrictFire Protection DistrictFire Protection DistrictFire Protection DistrictAll eligible $32.58%22.07%41.06%20.54%36.26%Safety A COL Enhanced 3% @ 50All eligible $16.56%15.80%30.29%13.98%16.89%Non‐Refundability Factor0.97010.97050.97050.97160.9720SAFETY TIER C ENHANCEDCost Group #9Cost GroupEmployer NameSafety C BASIC Enhanced 3% @ 50County (DSA only)Cost Group # 7County SafetyAll eligible $31.07%Cost Group # 8Contra Costa County Fire Protection DistrictSafety C COL Enhanced 3% @ 50East Contra Costa Fire Protection DistrictAll eligible $13.85%Cost Group # 9County Safety ‐ DSA hires since January 1, 2007Non‐Refundability Factor0.9712Cost Group # 10Moraga‐Orinda Fire Protection DistrictCost Group #12SAFETY TIER NON‐ENHANCEDRodeo‐HerculesCost Group # 11San Ramon Valley Fire Protection DistrictSafety A BASIC NON‐enhanced 2% @ 50Fire Protection DistrictAll eligible $29.35%Cost Group # 12Rodeo‐Hercules Fire Protection DistrictSafety A COL NON‐Enhanced 2% @ 50All eligible $14.08%Non‐Refundability Factor0.9738Cost Group #8M:\cccera.cli\val2011\special_studies\termpay\contrib rate packet\All Cost Groups 2011‐12 FINALS New.xlsSAFETY FINALPage 205/18/2011
M:\cccera.cli\val2011\special_studies\termpay\contrib rate packet\Narrative on Various Subvention levels 7‐1‐11.docx Page 3
CONTRA COSTA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION (CCCERA)
EMPLOYER RATES FOR VARIOUS SUBVENTION LEVELS
The presentation of the following two Exhibits C and D, has changed from the prior year because of
depooling. We have presented similar information to that shown in prior year contribution rate packets,
but we have used a different format this year. The information is categorized by showing General Cost
Groups on Exhibit C and Safety Cost Groups on Exhibit D.
GENERAL INFORMATION
All rates are shown as a percent of payroll.
Employee contribution rates vary depending upon their age at entry. For this reason, subvention
percents are AVERAGES for that coverage category.
To compute the exact subvention percent for each employee, do the following:
1. Find the employee’s basic contribution rate on the attached charts using the coverage category
and the employee’s entry age. Only the Basic rate can be subvented.
2. Multiply this by your subvention percent (i.e. 50%, 75%, etc.).
3. Multiply this result by the non‐refundability factor for the appropriate Cost Group (found on
Exhibit A & B).
CAUTION – these rates are for employer subvention, NOT employer pick‐up of employee contribution
rates. When an employer subvents, the contribution subvented is not placed in the member’s account
and is therefore not available to the member as a refund. For this reason, the employer pays the
contribution at a discount (i.e. “Non‐Refundability Factor”).
Employer pick‐ups of employee contributions are those made under Section 414 (h)(2) of the Internal
Revenue Code. These contributions are added to the member’s account, are available to the member as
a refund and are considered by CCCERA as part of the member’s compensation for retirement purposes.
GENERAL - TIERS 1 AND 3EXHIBIT C - VARIOUS SUBVENTION LEVELSCONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATIONEMPLOYER RATES AT VARIOUS SUBVENTION LEVELS EFFECTIVE FOR JULY 1, 2011 THROUGH JUNE 30, 2012For Members with Membership Date on or after January 1, 2011Cost Group #3 Cost Group #4 Cost Group #5GENERAL TIERS ‐ ENHANCEDDistricts Districts Central Contra Costa Contra Costa Contra Costa CountyTier 1 BASIC Enhanced 2% @ 55 (AGGREGATE)Countywithout POBwith POBSanitary DistrictHousing AuthorityFire Protection DistrictBasic17.16% 22.01% 15.30%27.42%21.46%13.80%COL5.75%9.64%5.74%11.22%11.73%5.04%Basic plus COL22.91% 31.65% 21.04%38.64%33.19%18.84%Subvention @ 50 %2.74% 2.74% 2.74%2.96%3.13%2.91%Subvention @ 75 %4.11% 4.11% 4.11%4.44%4.70%4.37%Subvention @ 100%5.48% 5.48% 5.48%5.92%6.26%5.82%Total Basic plus COL plus 50% Subvention25.65% 34.39% 23.78%41.60%36.32%21.75%Total Basic plus COL plus 75% Subvention27.02% 35.76% 25.15%43.08%37.89%23.21%Total Basic plus COL plus 100% Subvention28.39% 37.13% 26.52%44.56%39.45%24.66%Cost GroupEmployer NameDistrictsCost Group #1 County GeneralTier 3 BASIC Enhanced 2% @ 55 (AGGREGATE)Countywithout POBLAFCOBasic16.89% 21.74%CC Mosquito and Vector Control DistrictCOL5.62%9.51%Bethel Island Municipal Improvement DistrictBasic plus COL22.51% 31.25%First 5 ‐ Children and Families CommissionContra Costa County Employees' Retirement AssociationSubvention @ 50 %3.10% 3.10%Superior CourtSubvention @ 75 %4.65% 4.65%East Contra Costa Fire Protection DistrictSubvention @ 100%6.20% 6.20%Moraga‐Orinda Fire Protection DistrictRodeo‐Hercules Fire Protection DistrictTotal Basic plus COL plus 50% Subvention25.61% 34.35%San Ramon Valley Fire Protection DistrictTotal Basic plus COL plus 75% Subvention27.16% 35.90%Total Basic plus COL plus 100% Subvention28.71% 37.45%Cost Group #2County GeneralCC Mosquito and Vector Control DistrictCost Group #6Superior CourtGENERAL TIER NON‐ENHANCEDDistrictsTier 1 BASIC NON‐Enhanced 1.67% @ 55 (AGGREGATE)without POBCost Group #3Central Contra Costa Sanitary DistrictBasic17.91%COL4.24%Cost Group #4Contra Costa Housing AuthorityBasic plus COL22.15%Cost Group #5Contra Costa County Fire Protection DistrictSubvention @ 50 %3.54%Subvention @ 75 %5.31%Cost Group #6Rodeo Sanitary DistrictSubvention @ 100%7.08%Byron Brentwood Cemetery DistrictTotal Basic plus COL plus 50% Subvention25.69%Total Basic plus COL plus 75% Subvention27.46%Total Basic plus COL plus 100% Subvention29.23%Cost Group #1Cost Group #2M:\cccera.cli\val2011\special_studies\termpay\contrib rate packet\Subvention levels All Cost Groups 2011‐12 FINALS New.xlsGENERAL SUBV LEVELSPage 405/18/2011
SAFETY - TIERS A AND CEXHIBIT D - VARIOUS SUBVENTION LEVELSCONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATIONEMPLOYER RATES AT VARIOUS SUBVENTION LEVELS EFFECTIVE FOR JULY 1, 2011 THROUGH JUNE 30, 2012For Members with Membership Date on or after January 1, 2011Cost Group #7Cost Group #10Cost Group #11SAFETY TIER A ENHANCEDContra Costa County East Contra Costa Moraga‐Orinda San Ramon ValleySafety A BASIC Enhanced 3% @ 50CountyFire Protection DistrictFire Protection DistrictFire Protection DistrictFire Protection DistrictBasic32.58%22.07%41.06%20.54%36.26%COL16.56%15.80%30.29%13.98%16.89%Basic plus COL49.14%37.87%71.35%34.52%53.15%Subvention @ 50 %4.35%4.14%4.14%4.30%4.13%Subvention @ 75 %6.53%6.21%6.21%6.45%6.20%Subvention @ 100%8.70%8.28%8.28%8.60%8.26%Total Basic plus COL plus 50% Subvention53.49%42.01%75.49%38.82%57.28%Total Basic plus COL plus 75% Subvention55.67%44.08%77.56%40.97%59.35%Total Basic plus COL plus 100% Subvention 57.84%46.15%79.63%43.12%61.41%SAFETY TIER C ENHANCEDCost Group #9Cost GroupEmployer NameSafety C BASIC Enhanced 3% @ 50County (DSA only)Cost Group # 7County SafetyBasic31.07%COL13.85%Basic plus COL44.92%Subvention @ 50 %4.27%Subvention @ 75 %6.41%Subvention @ 100%8.54%Cost Group # 8Contra Costa County Fire Protection DistrictEast Contra Costa Fire Protection DistrictTotal Basic plus COL plus 50% Subvention49.19%Total Basic plus COL plus 75% Subvention51.33%Cost Group # 9County Safety ‐ DSA hires since January 1, 2007Total Basic plus COL plus 100% Subvention 53.46%Cost Group # 10Moraga‐Orinda Fire Protection DistrictCost Group #12SAFETY TIER NON‐ENHANCEDRodeo‐HerculesCost Group # 11San Ramon Valley Fire Protection DistrictSafety A BASIC NON‐enhanced 2% @ 50Fire Protection DistrictBasic29.35%Cost Group # 12Rodeo‐Hercules Fire Protection DistrictCOL14.08%Basic plus COL43.43%Subvention @ 50 %4.33%Subvention @ 75 %6.50%Subvention @ 100%8.66%Total Basic plus COL plus 50% Subvention47.76%Total Basic plus COL plus 75% Subvention49.93%Total Basic plus COL plus 100% Subvention 52.09%Cost Group #8M:\cccera.cli\val2011\special_studies\termpay\contrib rate packet\Subvention levels All Cost Groups 2011‐12 FINALS New.xlsSAFETY SUBV LEVELSPage 505/18/2011
M:\cccera.cli\val2011\special_studies\termpay\contrib rate packet\rate sub chart & prepay discount 7-1-11 EE cost sharing.doc Page 6
CONTRA COSTA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
ADJUSTING RATES
TO REFLECT
EMPLOYEE PAYMENT
OF EMPLOYER COST
A provision in the law allows safety members to defray the employer cost for the
“3% at 50” enhanced benefit. If you are providing the “3% at 50” enhanced benefit
to your safety employees and if your employees have agreed to defray part of your
increased cost, you will need to adjust both employee and employer rates:
Employee rate – Increase the employee’s rate by the cost-sharing percent of
payroll agreed upon.
Employer rate – Decrease the employer’s rate by a percent of the cost-sharing
percent of payroll using the applicable Safety refundability factor:
EXAMPLE FOR TIER A: If the cost-sharing percent is 9.0%,
Employee rates should be increased by 9.0%.
The employer rate should be decreased by (9.0% x .9701)
= 8.7309%
EXAMPLE FOR TIER C: If the cost-sharing percent is 2.1%,
Employee rates should be increased by 2.1%.
The employer rate should be decreased by (2.1% x .9712)
= 2.0395%
Employer Contribution Prepayment Program & Discount Factor
for 2011-12 is .960
If you are currently participating in the prepayment program and wish to continue, you
don’t need to do anything other than prepay the July 1, 2011 through June 30, 2012
contributions on or before July 30, 2011. If you wish to start participating, please contact
the Accounting Division at the Retirement Office by March 31, 2011.
The discount factor for the fiscal year July 1, 2011 through June 30, 2012 has
changed and will be .960 based on a reduction in the interest assumption rate from 7.8%
to 7.75%.
Entry
Age FIRST $350 OVER $350 FIRST $350 OVER $350 FIRST $350 OVER $350
15 3.63% 5.44% 1.65%2.48%5.28%7.92%
16 3.69% 5.53% 1.69%2.53%5.38%8.06%
17 3.74% 5.61%1.71%2.56%5.45%8.17%
18 3.80% 5.70% 1.73%2.60%5.53%8.30%
19 3.86% 5.79% 1.76%2.64%5.62%8.43%
20 3.92% 5.88% 1.79%2.69%5.71%8.57%
21 3.98% 5.97% 1.82%2.73%5.80%8.70%
22 4.04% 6.06% 1.85%2.77%5.89%8.83%
23 4.10%6.15%1.87%2.81%5.97%8.96%
24 4.16% 6.24% 1.90%2.85%6.06%9.09%
25 4.23% 6.34% 1.93%2.90%6.16%9.24%
26 4.29% 6.43% 1.96%2.94%6.25%9.37%
27 4.35% 6.53% 1.99%2.98%6.34%9.51%
28 4.42% 6.63% 2.02% 3.03%6.44%9.66%
29 4.49% 6.73% 2.05% 3.07%6.54%9.80%
30 4.55% 6.83% 2.08%3.12%6.63%9.95%
31 4.63% 6.94%2.11%3.17%6.74%10.11%
32 4.70% 7.05% 2.15%3.22%6.85%10.27%
33 4.77% 7.15%2.18%3.27%6.95%10.42%
34 4.84% 7.26% 2.21%3.32%7.05%10.58%
35 4.91% 7.37% 2.25% 3.37%7.16%10.74%
36 4.99% 7.49% 2.28% 3.42%7.27%10.91%
37 5.07% 7.60% 2.31%3.47%7.38%11.07%
38 5.15% 7.72% 2.35% 3.53%7.50%11.25%
39 5.23% 7.84% 2.39% 3.58%7.62%11.42%
40 5.31% 7.97% 2.43% 3.64%7.74%11.61%
41 5.40% 8.10% 2.47% 3.70%7.87%11.80%
42 5.49% 8.23% 2.51%3.76%8.00%11.99%
43 5.58% 8.37% 2.55% 3.82%8.13%12.19%
44 5.67% 8.51% 2.59% 3.89%8.26%12.40%
45 5.78% 8.67% 2.64% 3.96%8.42%12.63%
46 5.90% 8.85% 2.69% 4.04%8.59%12.89%
47 6.01%9.01% 2.74%4.11%8.75%13.12%
48 6.10%9.15% 2.79%4.18%8.89%13.33%
49 6.21% 9.32% 2.84% 4.26%9.05%13.58%
50 6.31% 9.47% 2.88% 4.32%9.19%13.79%
51 6.35% 9.53% 2.90% 4.35%9.25%13.88%
52 6.35% 9.52% 2.90% 4.35%9.25%13.87%
53 6.33% 9.49% 2.89% 4.33%9.22%13.82%
54 6.11%9.16% 2.79%4.18%8.90%13.34%
55 6.11%9.16% 2.79%4.18%8.90%13.34%
56 6.11%9.16% 2.79%4.18%8.90%13.34%
57 6.11%9.16% 2.79%4.18%8.90%13.34%
58 6.11%9.16% 2.79%4.18%8.90%13.34%
59 6.11%9.16% 2.79%4.18%8.90%13.34%
60 6.11%9.16% 2.79%4.18%8.90%13.34%
TIER I - "1.67% @ 55" (Non-Enhanced)
COLA Loading Factor: 45.67%
**NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under Social Security, use the "OVER $350" rate and apply it to all reported compensation.
EMembership Date on or after January 1, 2011
Effective 7/1/11- 6/30/12
Total
(Expressed as a Percentage of Monthly Payroll)
Basic COLA
GenMemRates T-1 unenhanced E 7-1-11 New.xls Exhibit E Page 7
Entry Age Basic COLA Total
15 7.99%4.18%12.17%
16 7.99%4.18%12.17%
17 7.99%4.18%12.17%
18 7.99%4.18%12.17%
19 7.99%4.18%12.17%
20 7.99%4.18%12.17%
21 7.99%4.18%12.17%
22 8.11%4.24%12.35%
23 8.24%4.31%12.55%
24 8.36%4.37%12.73%
25 8.49%4.44%12.93%
26 8.62%4.50%13.12%
27 8.74%4.57%13.31%
28 8.88%4.64%13.52%
29 9.01%4.71%13.72%
30 9.15%4.78%13.93%
31 9.29%4.85%14.14%
32 9.43%4.93%14.36%
33 9.58%5.01%14.59%
34 9.73%5.08%14.81%
35 9.88%5.16%15.04%
36 10.04%5.25%15.29%
37 10.20%5.33%15.53%
38 10.38%5.42%15.80%
39 10.55%5.51%16.06%
40 10.75%5.62%16.37%
41 10.93%5.71%16.64%
42 11.17%5.84%17.01%
43 11.40%5.96%17.36%
44 11.68%6.10%17.78%
45 11.88%6.21%18.09%
46 11.91%6.22%18.13%
47 11.86%6.20%18.06%
48 11.77%6.15%17.92%
49 11.65%6.09%17.74%
50 11.65%6.09%17.74%
51 11.65%6.09%17.74%
52 11.65%6.09%17.74%
53 11.65%6.09%17.74%
54 11.65%6.09%17.74%
55 11.65%6.09%17.74%
56 11.65%6.09%17.74%
57 11.65%6.09%17.74%
58 11.65%6.09%17.74%
59 11.65%6.09%17.74%
60 11.65%6.09%17.74%
(Expressed as a Percentage of Monthly Payroll)
COLA Loading Factor: 52.26%
SAFETY - "2% @ 50" (Non-Enhanced)FMembership Date on or after January 1, 2011
Effective 7/1/11 - 6/30/12
Safety Rates non-enhanced F 7-1-11 New.xls Exhibit F Page 8
Entry
Age FIRST $350 OVER $350 FIRST $350 OVER $350 FIRST $350 OVER $350
15 3.16% 4.74% 1.73%2.59%4.89%7.33%
16 3.21%4.81%1.75%2.63%4.96%7.44%
17 3.26% 4.89% 1.79%2.68%5.05%7.57%
18 3.31% 4.96%1.81%2.71%5.12%7.67%
19 3.36% 5.04% 1.84%2.76%5.20%7.80%
20 3.41%5.12%1.87%2.80%5.28%7.92%
21 3.47% 5.20% 1.90%2.85%5.37%8.05%
22 3.52% 5.28% 1.93%2.89%5.45%8.17%
23 3.57% 5.36% 1.95%2.93%5.52%8.29%
24 3.63% 5.44% 1.99%2.98%5.62%8.42%
25 3.69% 5.53% 2.02% 3.03%5.71%8.56%
26 3.74% 5.61% 2.05% 3.07%5.79%8.68%
27 3.80% 5.70% 2.08%3.12%5.88%8.82%
28 3.85% 5.78%2.11%3.16%5.96%8.94%
29 3.91% 5.87% 2.14%3.21%6.05%9.08%
30 3.97% 5.96% 2.17%3.26%6.14%9.22%
31 4.03% 6.05% 2.21%3.31%6.24%9.36%
32 4.09% 6.14% 2.24% 3.36%6.33%9.50%
33 4.16% 6.24% 2.27%3.41%6.43%9.65%
34 4.22% 6.33% 2.31%3.46%6.53%9.79%
35 4.29% 6.43% 2.35% 3.52%6.64%9.95%
36 4.35% 6.53% 2.38% 3.57%6.73%10.10%
37 4.42% 6.63% 2.42% 3.63%6.84%10.26%
38 4.49% 6.73% 2.45% 3.68%6.94%10.41%
39 4.55% 6.83% 2.49% 3.74%7.04%10.57%
40 4.62% 6.93% 2.53% 3.79%7.15%10.72%
41 4.69% 7.04% 2.57% 3.85%7.26%10.89%
42 4.77% 7.15%2.61%3.91%7.38%11.06%
43 4.84% 7.26% 2.65% 3.97%7.49%11.23%
44 4.92% 7.38% 2.69% 4.04%7.61%11.42%
45 4.99% 7.49% 2.73%4.10%7.72%11.59%
46 5.08% 7.62% 2.78%4.17%7.86%11.79%
47 5.16% 7.74% 2.83% 4.24%7.99%11.98%
48 5.25% 7.87% 2.87%4.31%8.12%12.18%
49 5.34% 8.01% 2.92% 4.38%8.26%12.39%
50 5.43% 8.15% 2.97% 4.46%8.40%12.61%
51 5.55% 8.32% 3.03% 4.55%8.58%12.87%
52 5.65% 8.48% 3.09% 4.64%8.74%13.12%
53 5.74% 8.61%3.14%4.71%8.88%13.32%
54 5.85% 8.77% 3.20% 4.80%9.05%13.57%
55 5.94% 8.91% 3.25% 4.88%9.19%13.79%
56 5.97% 8.96% 3.27% 4.90%9.24%13.86%
57 5.97% 8.96% 3.27% 4.90%9.24%13.86%
58 5.95% 8.93% 3.26% 4.89%9.21%13.82%
59 5.75% 8.62% 3.15%4.72%8.90%13.34%
60 5.75% 8.62% 3.15%4.72%8.90%13.34%
TIER I - "2% @ 55" (Enhanced)
COLA Loading Factor: 54.72%
**NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under Social Security, use the "OVER $350" rate and apply it to all reported compensation.
GMembership Date on or after January 1, 2011
Effective 7/1/11- 6/30/12
Total
(Expressed as a Percentage of Monthly Payroll)
Basic COLA
GenMemRates T-1 enhanced G 7-1-11 New.xls Exhibit G Page 9
Entry
Age FIRST $350 OVER $350 FIRST $350 OVER $350 FIRST $350 OVER $350
15 3.16% 4.74% 1.49%2.23%4.65%6.97%
16 3.21%4.81%1.51%2.26%4.72%7.07%
17 3.26% 4.89% 1.53%2.30%4.79%7.19%
18 3.31% 4.96% 1.55%2.33%4.86%7.29%
19 3.36% 5.04% 1.58%2.37%4.94%7.41%
20 3.41%5.12%1.60%2.40%5.01%7.52%
21 3.47% 5.20% 1.63%2.44%5.10%7.64%
22 3.52% 5.28% 1.65%2.48%5.17%7.76%
23 3.57% 5.36% 1.68%2.52%5.25%7.88%
24 3.63% 5.44% 1.70%2.55%5.33%7.99%
25 3.69% 5.53% 1.73%2.60%5.42%8.13%
26 3.74% 5.61%1.75%2.63%5.49%8.24%
27 3.80% 5.70% 1.79%2.68%5.59%8.38%
28 3.85% 5.78%1.81%2.71%5.66%8.49%
29 3.91% 5.87% 1.84%2.76%5.75%8.63%
30 3.97% 5.96% 1.87%2.80%5.84%8.76%
31 4.03% 6.05% 1.89%2.84%5.92%8.89%
32 4.09% 6.14%1.92%2.88%6.01%9.02%
33 4.16% 6.24% 1.95%2.93%6.11%9.17%
34 4.22% 6.33% 1.98%2.97%6.20%9.30%
35 4.29% 6.43% 2.01%3.02%6.30%9.45%
36 4.35% 6.53% 2.05% 3.07%6.40%9.60%
37 4.42% 6.63% 2.07%3.11%6.49%9.74%
38 4.49% 6.73%2.11%3.16%6.60%9.89%
39 4.55% 6.83% 2.14%3.21%6.69%10.04%
40 4.62% 6.93% 2.17%3.25%6.79%10.18%
41 4.69% 7.04% 2.21%3.31%6.90%10.35%
42 4.77% 7.15% 2.24% 3.36%7.01%10.51%
43 4.84% 7.26% 2.27%3.41%7.11%10.67%
44 4.92% 7.38% 2.31%3.46%7.23%10.84%
45 4.99% 7.49% 2.35% 3.52%7.34%11.01%
46 5.08% 7.62% 2.39% 3.58%7.47%11.20%
47 5.16% 7.74% 2.42% 3.63%7.58%11.37%
48 5.25% 7.87% 2.46% 3.69%7.71%11.56%
49 5.34% 8.01%2.51%3.76%7.85%11.77%
50 5.43% 8.15% 2.55% 3.83%7.98%11.98%
51 5.55% 8.32% 2.61%3.91%8.16%12.23%
52 5.65% 8.48% 2.65% 3.98%8.30%12.46%
53 5.74% 8.61% 2.69% 4.04%8.43%12.65%
54 5.85% 8.77% 2.75%4.12%8.60%12.89%
55 5.94% 8.91% 2.79%4.18%8.73%13.09%
56 5.97% 8.96% 2.81%4.21%8.78%13.17%
57 5.97% 8.96% 2.81%4.21%8.78%13.17%
58 5.95% 8.93% 2.79%4.19%8.74%13.12%
59 5.75% 8.62% 2.70% 4.05%8.45%12.67%
60 5.75% 8.62% 2.70% 4.05%8.45%12.67%
HMembership Date on or after January 1, 2011
Effective 7/1/11 - 6/30/12
(Expressed as a Percentage of Monthly Payroll)
COLA Loading Factor: 46.95%
**NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under Social Security, use the "OVER $350" rate and apply it to all reported compensation.
TIER III - "2% @ 55" (Enhanced)
Basic COLA Total
GenMemRates T-III enhanced H 7-1-11 New.xls Exhibit H Page 10
Entry Age Basic COLA Total
15 7.99%5.53%13.52%
16 7.99%5.53%13.52%
17 7.99%5.53%13.52%
18 7.99%5.53%13.52%
19 7.99%5.53%13.52%
20 7.99%5.53%13.52%
21 7.99%5.53%13.52%
22 8.11%5.62%13.73%
23 8.24%5.71%13.95%
24 8.36%5.79%14.15%
25 8.49%5.88%14.37%
26 8.62%5.97%14.59%
27 8.74%6.05%14.79%
28 8.88%6.15%15.03%
29 9.01%6.24%15.25%
30 9.15%6.34%15.49%
31 9.29%6.43%15.72%
32 9.43%6.53%15.96%
33 9.58%6.63%16.21%
34 9.73%6.74%16.47%
35 9.88%6.84%16.72%
36 10.04%6.95%16.99%
37 10.20%7.06%17.26%
38 10.38%7.19%17.57%
39 10.55%7.30%17.85%
40 10.75%7.44%18.19%
41 10.93%7.57%18.50%
42 11.17%7.73%18.90%
43 11.40%7.89%19.29%
44 11.68%8.09%19.77%
45 11.88%8.23%20.11%
46 11.91%8.25%20.16%
47 11.86%8.21%20.07%
48 11.77%8.15%19.92%
49 11.65%8.07%19.72%
50 11.65%8.07%19.72%
51 11.65%8.07%19.72%
52 11.65%8.07%19.72%
53 11.65%8.07%19.72%
54 11.65%8.07%19.72%
55 11.65%8.07%19.72%
56 11.65%8.07%19.72%
57 11.65%8.07%19.72%
58 11.65%8.07%19.72%
59 11.65%8.07%19.72%
60 11.65%8.07%19.72%
(Expressed as a Percentage of Monthly Payroll)
COLA Loading Factor: 69.24%
SAFETY (TIER A) - "3% @ 50" (Enhanced)IMembership Date on or after January 1, 2011
Effective 7/1/11 - 6/30/12
Safety Rates (Tier A) enhanced I 7-1-11 New.xls Exhibit I Page 11
Entry Age Basic COLA Total
15 7.62%2.97%10.59%
16 7.62%2.97%10.59%
17 7.62%2.97%10.59%
18 7.62%2.97%10.59%
19 7.62%2.97%10.59%
20 7.62%2.97%10.59%
21 7.62%2.97%10.59%
22 7.73%3.01%10.74%
23 7.85%3.06%10.91%
24 7.97%3.11%11.08%
25 8.09%3.16%11.25%
26 8.21%3.20%11.41%
27 8.34%3.25%11.59%
28 8.46%3.30%11.76%
29 8.59%3.35%11.94%
30 8.72%3.40%12.12%
31 8.85%3.45%12.30%
32 8.99%3.51%12.50%
33 9.13%3.56%12.69%
34 9.27%3.62%12.89%
35 9.42%3.67%13.09%
36 9.57%3.73%13.30%
37 9.73%3.79%13.52%
38 9.89%3.86%13.75%
39 10.05%3.92%13.97%
40 10.24%3.99%14.23%
41 10.44%4.07%14.51%
42 10.64%4.15%14.79%
43 10.82%4.22%15.04%
44 10.96%4.27%15.23%
45 10.98%4.28%15.26%
46 10.93%4.26%15.19%
47 10.69%4.17%14.86%
48 11.07%4.32%15.39%
49 11.65%4.54%16.19%
50 11.65%4.54%16.19%
51 11.65%4.54%16.19%
52 11.65%4.54%16.19%
53 11.65%4.54%16.19%
54 11.65%4.54%16.19%
55 11.65%4.54%16.19%
56 11.65%4.54%16.19%
57 11.65%4.54%16.19%
58 11.65%4.54%16.19%
59 11.65%4.54%16.19%
60 11.65%4.54%16.19%
(Expressed as a Percentage of Monthly Payroll)
COLA Loading Factor: 39.00%
SAFETY (TIER C) - "3% @ 50" (Enhanced)JMembership Date on or after January 1, 2011
Effective 7/1/11 - 6/30/12
Safety Rates (Tier C) enhanced J 7-1-11 New.xls Exhibit J Page 12