HomeMy WebLinkAboutMINUTES - 11172015 - C.65RECOMMENDATION(S):
ADOPT Resolution No. 2015/435 as approved by the Retirement Board, which establishes retirement plan
contribution rates effective July 1, 2016 through June 30, 2017.
FISCAL IMPACT:
See 'Background' below.
BACKGROUND:
At its July 8, 2015 meeting, the Retirement Board reviewed and accepted the actuary’s valuation report for the year
ending December 31, 2014 and adopted the recommended employer and employee contribution rates, which will
become effective on July 1, 2016. A copy of the December 31, 2014 Actuarial Valuation can be found on
CCCERA’s website at www.cccera.org under the Actuarial Valuations link.
Attached are the rates to be used effective July 1, 2016 through June 30, 2017 submitted for adoption by the County
Board of Supervisors by the Contra Costa County Employees’ Retirement Association. Please note the following:
The rates are effective July 1, 2016 through June 30, 2017.
The rates are before employer subvention, if any, of the employee contribution. The rates quoted here are the
employer required rates without taking into consideration any employer subvention of employee contributions.
A convenient methodology for adding subvention is included on page 17 of the attached document.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 11/17/2015 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, 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: November 17, 2015
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Stephanie L. Mello, Deputy
cc: Harjit S. Nahal, Assistant County Auditor, Ann Elliott, Employee Benefits Manager, Laura Strobel, Budget System Administrator/Sr. Deputy County
Administrator
C. 65
To:Board of Supervisors
From:David Twa, County Administrator
Date:November 17, 2015
Contra
Costa
County
Subject:EMPLOYEE RETIREMENT PLAN CONTRIBUTION RATES FOR FISCAL YEAR 2016/2017
BACKGROUND: (CONT'D)
>
The rates are before any increase in employee rate to pay a portion of the employer contribution. If an
employee’s rate needs to be increased to pay a portion of the employer contribution, both employee and
employer rates would need to be adjusted accordingly. A convenient methodology for adding subvention is
included on page 17 of the attached document.
The rates reflect the Retirement Board action to include the leave cashout assumptions for each cost group
in developing Basic member contribution rates. This results in an increase in the number of member
contribution rate tables which are now by cost group. Please refer to the bottom of Exhibits A and B for a
summary of employers and cost groups.
CONSEQUENCE OF NEGATIVE ACTION:
Rates will not reflect those adopted by the Contra Costa County Employees Retirement Board.
ATTACHMENTS
Resolution No. 2015/435
Contribution Rate Packet FY 2016-17
___________________________________________________________________________
1355 Willow Way Suite 221 Concord CA 94520 925.521.3960 FAX: 925.646.5747 www.cccera.org
CONTRA COSTA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
TABLE OF CONTENTS
Page Description
i Memo from Retirement CEO
1 Board of Supervisors Resolution
2 Employer Rates & Refundability Discount Factors for General Tiers (Exhibit A)
3 Employer Rates & Refundability Discount Factors for Safety Tiers (Exhibit B)
4 General Non-PEPRA Cost Group #1 Member Rates (Exhibit C)
5 General Non-PEPRA Cost Group #2 Member Rates (Exhibit D)
6 General Non-PEPRA Cost Group #3 Member Rates (Exhibit E)
7 General Non-PEPRA Cost Group #4 Member Rates (Exhibit F)
8 General Non-PEPRA Cost Group #5 Member Rates (Exhibit G)
9 General Non-PEPRA Cost Group #6 Member Rates (Exhibit H)
10 Safety Non-PEPRA Cost Group #7 Member Rates (Exhibit I)
11 Safety Non-PEPRA Cost Group #8 Member Rates (Exhibit J)
12 Safety Non-PEPRA Cost Group #9 Member Rates (Exhibit K)
13 Safety Non-PEPRA Cost Group #10 Member Rates (Exhibit L)
14 Safety Non-PEPRA Cost Group #11 Member Rates (Exhibit M)
15 Safety Non-PEPRA Cost Group #12 Member Rates (Exhibit N)
16 General and Safety PEPRA Member Rates (Exhibit O)
17 Examples for Subvention and Employee Cost Sharing
18 Prepayment Discount Factor for 2016-17
Exhibit ACONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATIONGENERAL TIERS 1, 3, 4 and 5EMPLOYER CONTRIBUTION RATES EFFECTIVE FOR JULY 1, 2016 THROUGH JUNE 30, 2017Cost Group #1 Cost Group #2 Cost Group #3 Cost Group #4 Cost Group #5 Cost Group #6Moraga‐Orinda Districts Districts Central Contra Costa Contra Costa Contra Costa CountyDistrictsCountyFire DistrictFirst 5without POBCountywithout POBSanitary DistrictHousing AuthorityFire Protection Districtwithout POBBASIC Contribution RatesLegacy Members* 23.50% 19.00% 21.94% 29.09% 23.36% 29.07% 39.08% 28.76% 21.37% 22.10%(Tier 1 and Tier 3)PEPRA Members with 3% Maximum COLA** 19.46% 15.30% 17.92% 25.08% 19.11% 24.73% 34.97% 22.44% 19.86% 18.32%(Tier 4 and Tier 5)PEPRA Members with 2% Maximum COLA** 19.65% N/A N/A N/A 18.60% 24.22% N/A N/A 16.59% N/A(Tier 4 and Tier 5)COLA Contribution RatesLegacy Members* 7.40% 6.13% 6.49% 11.93% 7.20% 11.78% 16.89% 14.70% 10.35% 5.16%(Tier 1 and Tier 3)PEPRA Members with 3% Maximum COLA** 6.55% 5.38% 5.65% 11.06% 6.35% 10.86% 16.07% 13.16% 10.49% 4.47%(Tier 4 and Tier 5)PEPRA Members with 2% Maximum COLA** 5.43% N/A N/A N/A 5.20% 9.71% N/A N/A 8.20% N/A(Tier 4 and Tier 5)Refundability FactorsLegacy Members0.9601 0.9601 0.9601 0.9601 0.9575 0.9575 0.9581 0.9564 0.9592 0.9560(Tier 1 and Tier 3)PEPRA Members with 3% Maximum COLA0.9634 0.9634 0.9634 0.9634 0.9650 0.9650 0.9624 0.9753 0.9664 0.9717(Tier 4 and Tier 5)PEPRA Members with 2% Maximum COLA0.9605 N/A N/A N/A 0.9640 0.9640 N/A N/A 0.9727 N/A(Tier 4 and Tier 5)* For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67. * The rate should only be applied to compensation up to the annual IRC 401(a)(17) compensation limit. ** The rate should be applied to all compensation (whether or not in Social Security) up to the applicable annual GC 7522.10(d) compensation limit. Cost GroupLegacy TierPEPRA TierEmployer NameCost GroupLegacy TierPEPRA TierEmployer NameCost Group #1 Tier 1 Enhanced (2% @ 55)Tier 4 (2.5% @ 67)County General Cost Group #3 Tier 1 Enhanced (2% @ 55)Tier 4 (2.5% @ 67)Central Contra Costa Sanitary District LAFCOCC Mosquito & Vector Control District Cost Group #4 Tier 1 Enhanced (2% @ 55)Tier 4 (2.5% @ 67)Contra Costa Housing Authority Bethel Island Municipal Improvement District First 5 - Children and Families Commission Cost Group #5 Tier 1 Enhanced (2% @ 55)Tier 4 (2.5% @ 67)Contra Costa County Fire Protection District CCCERASuperior Court Cost Group #6 Tier 1 Non-enhanced (1.67% @ 55)Tier 4 (2.5% @ 67)Rodeo Sanitary District East Contra Costa Fire Protection District Byron Brentwood Cemetery District Moraga-Orinda Fire Protection District Rodeo-Hercules Fire Protection District San Ramon Valley Fire Protection District Cost Group #2 Tier 3 Enhanced (2% @ 55)Tier 5 (2.5% @ 67)County GeneralIn-Home Supportive ServicesCC Mosquito & Vector Control District Superior CourtAll Cost Groups 2016‐17ExhibitAPage 211/3/2015
Exhibit BCONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATIONSAFETY TIERS A, C, D and EEMPLOYER CONTRIBUTION RATES EFFECTIVE FOR JULY 1, 2016 THROUGH JUNE 30, 2017Cost Group #7 Cost Group #8 Cost Group #9 Cost Group #10 Cost Group #11 Cost Group #12Contra Costa CountyEast Contra Costa Moraga‐Orinda San Ramon Valley Rodeo‐HerculesCountyFire Protection DistrictFire Protection DistrictCountyFire Protection DistrictFire Protection DistrictFire Protection DistrictBASIC Contribution RatesLegacy Members* 48.50% 39.78% 69.43% 46.23% 38.70% 54.38% 16.88%(Tier A and Tier C)PEPRA Members with 3% Maximum COLA** 42.92% 32.45% 62.10% N/A 30.95% 46.46% 11.43%(Tier D)PEPRA Members with 2% Maximum COLA** N/A 31.44% N/A 39.86% N/A N/A N/A(Tier E)Monthly Contribution Towards UAAL N/A N/A N/A N/A N/A N/A $79,828COLA Contribution RatesLegacy Members* 29.44% 34.77% 57.39% 26.00% 31.90% 29.66% 5.91%(Tier A and Tier C)PEPRA Members with 3% Maximum COLA** 28.71% 33.46% 56.08% N/A 30.22% 28.04% 5.10%(Tier D)PEPRA Members with 2% Maximum COLA** N/A 30.77% N/A 25.41% N/A N/A N/A(Tier E)Monthly Contribution Towards UAAL N/A N/A N/A N/A N/A N/A $52,011Refundability FactorsLegacy Members0.9741 0.9749 0.9749 0.9755 0.9764 0.9763 0.9757(Tier A and Tier C)PEPRA Members with 3% Maximum COLA**0.9772 0.9821 0.9821 N/A 0.9837 0.9837 0.9852(Tier D)PEPRA Members with 2% Maximum COLA**N/A 0.9809 N/A 0.9802 N/A N/A N/A(Tier E)* The rate should be applied to all compensation up to the IRC 401(a)(17) compensation limit.** The rate should be applied to all compensation up to the applicable annual GC 7522.10(d) compensation limit.Cost GroupLegacy TierPEPRA TierEmployer NameCost Group # 7 Tier A Enhanced (3% @ 50) Tier D (2.7% @ 57) County Safety (3% Maximum COLA)Cost Group # 8 Tier A Enhanced (3% @ 50) Tier D (2.7% @ 57) Contra Costa County Fire Protection District (3% Maximum COLA)East Contra Costa Fire Protection District (3% Maximum COLA)Tier E (2.7% @ 57) Contra Costa County Fire Protection District (2% Maximum COLA)Cost Group # 9 Tier C Enhanced (3% @ 50) Tier E (2.7% @ 57) County Safety (2% Maximum COLA)Cost Group # 10 Tier A Enhanced (3% @ 50) Tier D (2.7% @ 57) Moraga-Orinda Fire Protection District (3% Maximum COLA)Cost Group # 11 Tier A Enhanced (3% @ 50) Tier D (2.7% @ 57) San Ramon Valley Fire Protection District (3% Maximum COLA)Cost Group # 12 Tier A Non-enhanced (2% @ 50) Tier D (2.7% @ 57) Rodeo Hercules Fire Protection District (3% Maximum COLA)All Cost Groups 2016‐17ExhibitBPage 311/3/2015
Exhibit C
GENERAL Cost Group #1 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 5.39% 2.96% 8.35%
16 5.47% 3.01% 8.48%
17 5.55% 3.05% 8.60%
18 5.62% 3.09% 8.71%
19 5.70% 3.14% 8.84%
20 5.78% 3.18% 8.96%
21 5.86% 3.22% 9.08%
22 5.95% 3.27% 9.22%
23 6.03% 3.32% 9.35%
24 6.11% 3.36% 9.47%
25 6.20% 3.41% 9.61%
26 6.28% 3.45% 9.73%
27 6.37% 3.50% 9.87%
28 6.46% 3.55% 10.01%
29 6.55% 3.60% 10.15%
30 6.64% 3.65% 10.29%
31 6.73% 3.70% 10.43%
32 6.82% 3.75% 10.57%
33 6.92% 3.81% 10.73%
34 7.01% 3.86% 10.87%
35 7.11% 3.91% 11.02%
36 7.21% 3.97% 11.18%
37 7.31% 4.02% 11.33%
38 7.41% 4.08% 11.49%
39 7.51% 4.13% 11.64%
40 7.62% 4.19% 11.81%
41 7.72% 4.25% 11.97%
42 7.83% 4.31% 12.14%
43 7.94% 4.37% 12.31%
44 8.06% 4.43% 12.49%
45 8.18% 4.50% 12.68%
46 8.30% 4.57% 12.87%
47 8.43% 4.64% 13.07%
48 8.56% 4.71% 13.27%
49 8.70% 4.79% 13.49%
50 8.85% 4.87% 13.72%
51 9.00% 4.95% 13.95%
52 9.17% 5.04% 14.21%
53 9.31% 5.12% 14.43%
54 9.47% 5.21% 14.68%
55 9.59% 5.27% 14.86%
56 9.65% 5.31% 14.96%
57 9.61% 5.29% 14.90%
58 9.51% 5.23% 14.74%
59 9.27% 5.10% 14.37%
60 and over 9.27% 5.10% 14.37%
COLA Loading Factor: 55.00%
*NOTE: For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67.
The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit C Page 4
Exhibit D
GENERAL Cost Group #2 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 5.35% 2.67% 8.02%
16 5.43% 2.71% 8.14%
17 5.51% 2.75% 8.26%
18 5.58% 2.79% 8.37%
19 5.66% 2.83% 8.49%
20 5.74% 2.87% 8.61%
21 5.82% 2.91% 8.73%
22 5.90% 2.95% 8.85%
23 5.99% 2.99% 8.98%
24 6.07% 3.03% 9.10%
25 6.15% 3.07% 9.22%
26 6.24% 3.12% 9.36%
27 6.32% 3.16% 9.48%
28 6.41% 3.20% 9.61%
29 6.50% 3.25% 9.75%
30 6.59% 3.29% 9.88%
31 6.68% 3.34% 10.02%
32 6.77% 3.38% 10.15%
33 6.87% 3.43% 10.30%
34 6.96% 3.48% 10.44%
35 7.06% 3.53% 10.59%
36 7.16% 3.58% 10.74%
37 7.26% 3.63% 10.89%
38 7.36% 3.68% 11.04%
39 7.46% 3.73% 11.19%
40 7.56% 3.78% 11.34%
41 7.67% 3.83% 11.50%
42 7.78% 3.89% 11.67%
43 7.89% 3.94% 11.83%
44 8.00% 4.00% 12.00%
45 8.13% 4.06% 12.19%
46 8.24% 4.12% 12.36%
47 8.37% 4.18% 12.55%
48 8.50% 4.25% 12.75%
49 8.65% 4.32% 12.97%
50 8.80% 4.40% 13.20%
51 8.94% 4.47% 13.41%
52 9.11% 4.55% 13.66%
53 9.25% 4.62% 13.87%
54 9.42% 4.71% 14.13%
55 9.52% 4.76% 14.28%
56 9.61% 4.80% 14.41%
57 9.55% 4.77% 14.32%
58 9.42% 4.71% 14.13%
59 9.04% 4.52% 13.56%
60 and over 9.04% 4.52% 13.56%
COLA Loading Factor: 49.97%
*NOTE: For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67.
The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit D Page 5
Exhibit E
GENERAL Cost Group #3 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 5.66% 3.16% 8.82%
16 5.74% 3.20% 8.94%
17 5.82% 3.24% 9.06%
18 5.90% 3.29% 9.19%
19 5.98% 3.33% 9.31%
20 6.06% 3.38% 9.44%
21 6.15% 3.43% 9.58%
22 6.23% 3.47% 9.70%
23 6.32% 3.52% 9.84%
24 6.41% 3.57% 9.98%
25 6.50% 3.62% 10.12%
26 6.59% 3.67% 10.26%
27 6.68% 3.72% 10.40%
28 6.77% 3.77% 10.54%
29 6.86% 3.82% 10.68%
30 6.96% 3.88% 10.84%
31 7.05% 3.93% 10.98%
32 7.15% 3.99% 11.14%
33 7.25% 4.04% 11.29%
34 7.35% 4.10% 11.45%
35 7.45% 4.15% 11.60%
36 7.55% 4.21% 11.76%
37 7.65% 4.26% 11.91%
38 7.76% 4.33% 12.09%
39 7.87% 4.39% 12.26%
40 7.98% 4.45% 12.43%
41 8.09% 4.51% 12.60%
42 8.20% 4.57% 12.77%
43 8.32% 4.64% 12.96%
44 8.43% 4.70% 13.13%
45 8.56% 4.77% 13.33%
46 8.69% 4.84% 13.53%
47 8.81% 4.91% 13.72%
48 8.95% 4.99% 13.94%
49 9.09% 5.07% 14.16%
50 9.25% 5.16% 14.41%
51 9.41% 5.25% 14.66%
52 9.55% 5.32% 14.87%
53 9.70% 5.41% 15.11%
54 9.84% 5.49% 15.33%
55 9.94% 5.54% 15.48%
56 10.02% 5.59% 15.61%
57 9.92% 5.53% 15.45%
58 9.79% 5.46% 15.25%
59 9.11% 5.08% 14.19%
60 and over 9.11% 5.08% 14.19%
COLA Loading Factor: 55.75%
*NOTE: For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67.
The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit E Page 6
Exhibit F
GENERAL Cost Group #4 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 5.33% 2.94% 8.27%
16 5.40% 2.98% 8.38%
17 5.48% 3.02% 8.50%
18 5.56% 3.07% 8.63%
19 5.63% 3.11% 8.74%
20 5.71% 3.15% 8.86%
21 5.79% 3.19% 8.98%
22 5.87% 3.24% 9.11%
23 5.96% 3.29% 9.25%
24 6.04% 3.33% 9.37%
25 6.12% 3.38% 9.50%
26 6.21% 3.43% 9.64%
27 6.29% 3.47% 9.76%
28 6.38% 3.52% 9.90%
29 6.47% 3.57% 10.04%
30 6.56% 3.62% 10.18%
31 6.65% 3.67% 10.32%
32 6.74% 3.72% 10.46%
33 6.83% 3.77% 10.60%
34 6.93% 3.82% 10.75%
35 7.02% 3.87% 10.89%
36 7.12% 3.93% 11.05%
37 7.22% 3.98% 11.20%
38 7.32% 4.04% 11.36%
39 7.42% 4.09% 11.51%
40 7.53% 4.15% 11.68%
41 7.64% 4.21% 11.85%
42 7.74% 4.27% 12.01%
43 7.85% 4.33% 12.18%
44 7.97% 4.40% 12.37%
45 8.09% 4.46% 12.55%
46 8.20% 4.52% 12.72%
47 8.34% 4.60% 12.94%
48 8.46% 4.67% 13.13%
49 8.60% 4.74% 13.34%
50 8.76% 4.83% 13.59%
51 8.91% 4.91% 13.82%
52 9.07% 5.00% 14.07%
53 9.23% 5.09% 14.32%
54 9.37% 5.17% 14.54%
55 9.49% 5.23% 14.72%
56 9.57% 5.28% 14.85%
57 9.57% 5.28% 14.85%
58 9.44% 5.21% 14.65%
59 9.09% 5.01% 14.10%
60 and over 9.09% 5.01% 14.10%
COLA Loading Factor: 55.16%
*NOTE: For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67.
The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit F Page 7
Exhibit G
GENERAL Cost Group #5 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 5.39% 2.92% 8.31%
16 5.47% 2.97% 8.44%
17 5.55% 3.01% 8.56%
18 5.62% 3.05% 8.67%
19 5.70% 3.09% 8.79%
20 5.78% 3.14% 8.92%
21 5.86% 3.18% 9.04%
22 5.95% 3.23% 9.18%
23 6.03% 3.27% 9.30%
24 6.11% 3.31% 9.42%
25 6.20% 3.36% 9.56%
26 6.28% 3.41% 9.69%
27 6.37% 3.46% 9.83%
28 6.46% 3.50% 9.96%
29 6.55% 3.55% 10.10%
30 6.64% 3.60% 10.24%
31 6.73% 3.65% 10.38%
32 6.82% 3.70% 10.52%
33 6.92% 3.75% 10.67%
34 7.01% 3.80% 10.81%
35 7.11% 3.86% 10.97%
36 7.21% 3.91% 11.12%
37 7.31% 3.97% 11.28%
38 7.41% 4.02% 11.43%
39 7.51% 4.07% 11.58%
40 7.62% 4.13% 11.75%
41 7.72% 4.19% 11.91%
42 7.83% 4.25% 12.08%
43 7.94% 4.31% 12.25%
44 8.06% 4.37% 12.43%
45 8.18% 4.44% 12.62%
46 8.30% 4.50% 12.80%
47 8.43% 4.57% 13.00%
48 8.56% 4.64% 13.20%
49 8.70% 4.72% 13.42%
50 8.85% 4.80% 13.65%
51 9.00% 4.88% 13.88%
52 9.17% 4.97% 14.14%
53 9.31% 5.05% 14.36%
54 9.47% 5.14% 14.61%
55 9.59% 5.20% 14.79%
56 9.65% 5.24% 14.89%
57 9.61% 5.21% 14.82%
58 9.51% 5.16% 14.67%
59 9.27% 5.03% 14.30%
60 and over 9.27% 5.03% 14.30%
COLA Loading Factor: 54.25%
*NOTE: For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67.
The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit G Page 8
Exhibit H
GENERAL Cost Group #6 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 6.14% 2.83% 8.97%
16 6.23% 2.88% 9.11%
17 6.32% 2.92% 9.24%
18 6.40% 2.95% 9.35%
19 6.49% 3.00% 9.49%
20 6.58% 3.04% 9.62%
21 6.67% 3.08% 9.75%
22 6.77% 3.13% 9.90%
23 6.86% 3.17% 10.03%
24 6.96% 3.21% 10.17%
25 7.05% 3.25% 10.30%
26 7.15% 3.30% 10.45%
27 7.25% 3.35% 10.60%
28 7.35% 3.39% 10.74%
29 7.45% 3.44% 10.89%
30 7.55% 3.49% 11.04%
31 7.66% 3.54% 11.20%
32 7.76% 3.58% 11.34%
33 7.87% 3.63% 11.50%
34 7.98% 3.68% 11.66%
35 8.09% 3.73% 11.82%
36 8.21% 3.79% 12.00%
37 8.32% 3.84% 12.16%
38 8.44% 3.90% 12.34%
39 8.56% 3.95% 12.51%
40 8.69% 4.01% 12.70%
41 8.82% 4.07% 12.89%
42 8.95% 4.13% 13.08%
43 9.10% 4.20% 13.30%
44 9.24% 4.27% 13.51%
45 9.41% 4.34% 13.75%
46 9.57% 4.42% 13.99%
47 9.74% 4.50% 14.24%
48 9.89% 4.57% 14.46%
49 10.06% 4.64% 14.70%
50 10.17% 4.69% 14.86%
51 10.28% 4.75% 15.03%
52 10.24% 4.73% 14.97%
53 10.14% 4.68% 14.82%
54 9.89% 4.57% 14.46%
55 9.89% 4.57% 14.46%
56 9.89% 4.57% 14.46%
57 9.89% 4.57% 14.46%
58 9.89% 4.57% 14.46%
59 9.89% 4.57% 14.46%
60 and over 9.89% 4.57% 14.46%
COLA Loading Factor: 46.16%
*NOTE: For members in Social Security, the rate should only be applied to monthly compensation in excess of $116.67.
The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit H Page 9
Exhibit I
SAFETY Cost Group #7 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 8.97% 6.62% 15.59%
16 8.97% 6.62% 15.59%
17 8.97% 6.62% 15.59%
18 8.97% 6.62% 15.59%
19 8.97% 6.62% 15.59%
20 8.97% 6.62% 15.59%
21 8.97% 6.62% 15.59%
22 9.09% 6.71% 15.80%
23 9.21% 6.79% 16.00%
24 9.34% 6.89% 16.23%
25 9.47% 6.99% 16.46%
26 9.60% 7.08% 16.68%
27 9.73% 7.18% 16.91%
28 9.87% 7.28% 17.15%
29 10.00% 7.38% 17.38%
30 10.15% 7.49% 17.64%
31 10.29% 7.59% 17.88%
32 10.43% 7.69% 18.12%
33 10.58% 7.80% 18.38%
34 10.73% 7.92% 18.65%
35 10.89% 8.03% 18.92%
36 11.05% 8.15% 19.20%
37 11.22% 8.28% 19.50%
38 11.39% 8.40% 19.79%
39 11.58% 8.54% 20.12%
40 11.77% 8.68% 20.45%
41 11.99% 8.85% 20.84%
42 12.21% 9.01% 21.22%
43 12.48% 9.21% 21.69%
44 12.74% 9.40% 22.14%
45 12.93% 9.54% 22.47%
46 12.96% 9.56% 22.52%
47 12.93% 9.54% 22.47%
48 12.75% 9.41% 22.16%
49 12.42% 9.16% 21.58%
50 12.42% 9.16% 21.58%
51 12.42% 9.16% 21.58%
52 12.42% 9.16% 21.58%
53 12.42% 9.16% 21.58%
54 12.42% 9.16% 21.58%
55 12.42% 9.16% 21.58%
56 12.42% 9.16% 21.58%
57 12.42% 9.16% 21.58%
58 12.42% 9.16% 21.58%
59 12.42% 9.16% 21.58%
60 and over 12.42% 9.16% 21.58%
COLA Loading Factor: 73.77%
*NOTE: The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit I Page 10
Exhibit J
SAFETY Cost Group #8 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 8.97% 6.66% 15.63%
16 8.97% 6.66% 15.63%
17 8.97% 6.66% 15.63%
18 8.97% 6.66% 15.63%
19 8.97% 6.66% 15.63%
20 8.97% 6.66% 15.63%
21 8.97% 6.66% 15.63%
22 9.09% 6.75% 15.84%
23 9.21% 6.84% 16.05%
24 9.34% 6.94% 16.28%
25 9.47% 7.03% 16.50%
26 9.60% 7.13% 16.73%
27 9.73% 7.23% 16.96%
28 9.87% 7.33% 17.20%
29 10.00% 7.43% 17.43%
30 10.15% 7.54% 17.69%
31 10.29% 7.64% 17.93%
32 10.43% 7.75% 18.18%
33 10.58% 7.86% 18.44%
34 10.73% 7.97% 18.70%
35 10.89% 8.09% 18.98%
36 11.05% 8.21% 19.26%
37 11.22% 8.33% 19.55%
38 11.39% 8.46% 19.85%
39 11.58% 8.60% 20.18%
40 11.77% 8.74% 20.51%
41 11.99% 8.90% 20.89%
42 12.21% 9.07% 21.28%
43 12.48% 9.27% 21.75%
44 12.74% 9.46% 22.20%
45 12.93% 9.60% 22.53%
46 12.96% 9.62% 22.58%
47 12.93% 9.60% 22.53%
48 12.75% 9.47% 22.22%
49 12.42% 9.22% 21.64%
50 12.42% 9.22% 21.64%
51 12.42% 9.22% 21.64%
52 12.42% 9.22% 21.64%
53 12.42% 9.22% 21.64%
54 12.42% 9.22% 21.64%
55 12.42% 9.22% 21.64%
56 12.42% 9.22% 21.64%
57 12.42% 9.22% 21.64%
58 12.42% 9.22% 21.64%
59 12.42% 9.22% 21.64%
60 and over 12.42% 9.22% 21.64%
COLA Loading Factor: 74.26%
*NOTE: The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit J Page 11
Exhibit K
SAFETY Cost Group #9 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 8.50% 3.55% 12.05%
16 8.50% 3.55% 12.05%
17 8.50% 3.55% 12.05%
18 8.50% 3.55% 12.05%
19 8.50% 3.55% 12.05%
20 8.50% 3.55% 12.05%
21 8.50% 3.55% 12.05%
22 8.62% 3.60% 12.22%
23 8.74% 3.65% 12.39%
24 8.86% 3.70% 12.56%
25 8.98% 3.75% 12.73%
26 9.11% 3.80% 12.91%
27 9.23% 3.85% 13.08%
28 9.36% 3.91% 13.27%
29 9.49% 3.96% 13.45%
30 9.62% 4.01% 13.63%
31 9.76% 4.07% 13.83%
32 9.90% 4.13% 14.03%
33 10.04% 4.19% 14.23%
34 10.18% 4.25% 14.43%
35 10.33% 4.31% 14.64%
36 10.49% 4.38% 14.87%
37 10.64% 4.44% 15.08%
38 10.81% 4.51% 15.32%
39 10.99% 4.59% 15.58%
40 11.17% 4.66% 15.83%
41 11.38% 4.75% 16.13%
42 11.57% 4.83% 16.40%
43 11.76% 4.91% 16.67%
44 11.87% 4.95% 16.82%
45 11.89% 4.96% 16.85%
46 11.80% 4.92% 16.72%
47 11.51% 4.80% 16.31%
48 11.90% 4.97% 16.87%
49 12.51% 5.22% 17.73%
50 12.51% 5.22% 17.73%
51 12.51% 5.22% 17.73%
52 12.51% 5.22% 17.73%
53 12.51% 5.22% 17.73%
54 12.51% 5.22% 17.73%
55 12.51% 5.22% 17.73%
56 12.51% 5.22% 17.73%
57 12.51% 5.22% 17.73%
58 12.51% 5.22% 17.73%
59 12.51% 5.22% 17.73%
60 and over 12.51% 5.22% 17.73%
COLA Loading Factor: 41.73%
*NOTE: The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit K Page 12
Exhibit L
SAFETY Cost Group #10 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 9.03% 6.57% 15.60%
16 9.03% 6.57% 15.60%
17 9.03% 6.57% 15.60%
18 9.03% 6.57% 15.60%
19 9.03% 6.57% 15.60%
20 9.03% 6.57% 15.60%
21 9.03% 6.57% 15.60%
22 9.16% 6.67% 15.83%
23 9.28% 6.75% 16.03%
24 9.41% 6.85% 16.26%
25 9.54% 6.94% 16.48%
26 9.67% 7.04% 16.71%
27 9.80% 7.13% 16.93%
28 9.94% 7.24% 17.18%
29 10.08% 7.34% 17.42%
30 10.22% 7.44% 17.66%
31 10.36% 7.54% 17.90%
32 10.51% 7.65% 18.16%
33 10.66% 7.76% 18.42%
34 10.81% 7.87% 18.68%
35 10.96% 7.98% 18.94%
36 11.13% 8.10% 19.23%
37 11.30% 8.23% 19.53%
38 11.47% 8.35% 19.82%
39 11.66% 8.49% 20.15%
40 11.84% 8.62% 20.46%
41 12.06% 8.78% 20.84%
42 12.29% 8.95% 21.24%
43 12.55% 9.14% 21.69%
44 12.83% 9.34% 22.17%
45 13.01% 9.47% 22.48%
46 13.06% 9.51% 22.57%
47 12.98% 9.45% 22.43%
48 12.85% 9.35% 22.20%
49 12.33% 8.98% 21.31%
50 12.33% 8.98% 21.31%
51 12.33% 8.98% 21.31%
52 12.33% 8.98% 21.31%
53 12.33% 8.98% 21.31%
54 12.33% 8.98% 21.31%
55 12.33% 8.98% 21.31%
56 12.33% 8.98% 21.31%
57 12.33% 8.98% 21.31%
58 12.33% 8.98% 21.31%
59 12.33% 8.98% 21.31%
60 and over 12.33% 8.98% 21.31%
COLA Loading Factor: 72.79%
*NOTE: The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit L Page 13
Exhibit M
SAFETY Cost Group #11 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 9.16% 6.73% 15.89%
16 9.16% 6.73% 15.89%
17 9.16% 6.73% 15.89%
18 9.16% 6.73% 15.89%
19 9.16% 6.73% 15.89%
20 9.16% 6.73% 15.89%
21 9.16% 6.73% 15.89%
22 9.29% 6.82% 16.11%
23 9.42% 6.92% 16.34%
24 9.55% 7.01% 16.56%
25 9.68% 7.11% 16.79%
26 9.81% 7.20% 17.01%
27 9.94% 7.30% 17.24%
28 10.08% 7.40% 17.48%
29 10.22% 7.51% 17.73%
30 10.36% 7.61% 17.97%
31 10.51% 7.72% 18.23%
32 10.66% 7.83% 18.49%
33 10.81% 7.94% 18.75%
34 10.96% 8.05% 19.01%
35 11.12% 8.17% 19.29%
36 11.28% 8.28% 19.56%
37 11.45% 8.41% 19.86%
38 11.62% 8.53% 20.15%
39 11.81% 8.67% 20.48%
40 12.01% 8.82% 20.83%
41 12.21% 8.97% 21.18%
42 12.46% 9.15% 21.61%
43 12.70% 9.33% 22.03%
44 12.98% 9.53% 22.51%
45 13.15% 9.66% 22.81%
46 13.20% 9.69% 22.89%
47 13.09% 9.61% 22.70%
48 12.89% 9.47% 22.36%
49 12.47% 9.16% 21.63%
50 12.47% 9.16% 21.63%
51 12.47% 9.16% 21.63%
52 12.47% 9.16% 21.63%
53 12.47% 9.16% 21.63%
54 12.47% 9.16% 21.63%
55 12.47% 9.16% 21.63%
56 12.47% 9.16% 21.63%
57 12.47% 9.16% 21.63%
58 12.47% 9.16% 21.63%
59 12.47% 9.16% 21.63%
60 and over 12.47% 9.16% 21.63%
COLA Loading Factor: 73.44%
*NOTE: The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit M Page 14
Exhibit N
SAFETY Cost Group #12 Non-PEPRA Member Contribution Rates
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
Entry Age Basic COLA Total
15 9.21% 5.32% 14.53%
16 9.21% 5.32% 14.53%
17 9.21% 5.32% 14.53%
18 9.21% 5.32% 14.53%
19 9.21% 5.32% 14.53%
20 9.21% 5.32% 14.53%
21 9.21% 5.32% 14.53%
22 9.33% 5.39% 14.72%
23 9.46% 5.47% 14.93%
24 9.59% 5.54% 15.13%
25 9.72% 5.62% 15.34%
26 9.86% 5.70% 15.56%
27 9.99% 5.78% 15.77%
28 10.13% 5.86% 15.99%
29 10.27% 5.94% 16.21%
30 10.41% 6.02% 16.43%
31 10.56% 6.10% 16.66%
32 10.70% 6.19% 16.89%
33 10.85% 6.27% 17.12%
34 11.01% 6.36% 17.37%
35 11.17% 6.46% 17.63%
36 11.33% 6.55% 17.88%
37 11.50% 6.65% 18.15%
38 11.68% 6.75% 18.43%
39 11.86% 6.86% 18.72%
40 12.07% 6.98% 19.05%
41 12.28% 7.10% 19.38%
42 12.49% 7.22% 19.71%
43 12.77% 7.38% 20.15%
44 13.04% 7.54% 20.58%
45 13.18% 7.62% 20.80%
46 13.24% 7.65% 20.89%
47 13.16% 7.61% 20.77%
48 12.86% 7.43% 20.29%
49 12.41% 7.17% 19.58%
50 12.41% 7.17% 19.58%
51 12.41% 7.17% 19.58%
52 12.41% 7.17% 19.58%
53 12.41% 7.17% 19.58%
54 12.41% 7.17% 19.58%
55 12.41% 7.17% 19.58%
56 12.41% 7.17% 19.58%
57 12.41% 7.17% 19.58%
58 12.41% 7.17% 19.58%
59 12.41% 7.17% 19.58%
60 and over 12.41% 7.17% 19.58%
COLA Loading Factor: 57.81%
*NOTE: The rate should be applied to all compensation up to the annual IRC 401(a)(17) compensation limit.
Membership Date before January 1, 2013
Member Rates 7-1-16 Exhibit N Page 15
Exhibit O
PEPRA Tiers Member Contribution Rates
Membership Date on or after January 1, 2013
Effective 7/1/16 - 6/30/17
Expressed as a Percentage of Monthly Payroll*
General Tiers Basic COLA Total
Cost Group #1 – PEPRA Tier 4 (2% COLA) 8.17% 1.84% 10.01%
Cost Group #1 – PEPRA Tier 4 (3% COLA) 7.98% 2.96% 10.94%
Cost Group #2 - PEPRA Tier 5 (2% COLA) 7.12% 1.61% 8.73%
Cost Group #2 - PEPRA Tier 5 (3%/4% COLA) 7.63% 2.76% 10.39%
Cost Group #3 - PEPRA Tier 4 (3% COLA) 8.80% 3.26% 12.06%
Cost Group #4 - PEPRA Tier 4 (3% COLA) 6.96% 2.64% 9.60%
Cost Group #5 - PEPRA Tier 4 (2% COLA) 6.99% 1.59% 8.58%
Cost Group #5 - PEPRA Tier 4 (3% COLA) 10.26% 3.88% 14.14%
Cost Group #6 - PEPRA Tier 4 (3% COLA) 8.41% 3.24% 11.65%
Safety Tiers Basic COLA Total
Cost Group #7 - PEPRA Tier D 15.99% 6.69% 22.68%
Cost Group #8 - PEPRA Tier D 13.64% 6.01% 19.65%
Cost Group #8 - PEPRA Tier E 12.63% 3.32% 15.95%
Cost Group #9 - PEPRA Tier E 12.93% 3.39% 16.32%
Cost Group #10 - PEPRA Tier D 12.55% 5.55% 18.10%
Cost Group #11 - PEPRA Tier D 12.91% 5.74% 18.65%
Cost Group #12 - PEPRA Tier D 11.43% 5.10% 16.53%
*NOTE: The rate should be applied to all compensation (whether or not in Social Security) up to the
applicable annual Gov. Code 7522.10(d) compensation limit.
Member Rates 7-1-16 Exhibit O Page 16
Page 17
CONTRA COSTA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
SUBVENTION
All rates are shown as a percent of payroll.
Employee contribution rates vary depending upon their tier and age at entry. To compute the exact
subvention percent for each employee, do the following:
Employee rate – Decrease the employee’s rate by the subvention percent (i.e. 25%, 50%, etc.).
Employer rate – Increase the employer’s rate by a percent of the employee’s decrease using the
applicable refundability factor (found on Exhibits A and B):
EXAMPLE FOR COST GROUP #3 LEGACY MEMBERS:
If the subvention percent is 25%, and
the employee’s rate is 6.00%,
Employee rates should be decreased by 1.50% (25% × 6.00%)
The employer rate should be increased by 1.4372% (1.50% × 0.9581)
Please note that for PEPRA members, subvention is generally not permitted. The standard under Gov.
Code §7522.30(a) is that employees pay at least 50 percent of normal costs and that employers not pay
any of the required employee contribution, but there are some exceptions. Gov. Code §7522.30(f) allows
the terms (regarding the employee’s required contribution) of a contract, including a memorandum of
understanding, that is in effect on January 1, 2013, to continue through the length of a contract. This
means that it is possible that an employer will subvent a portion of a PEPRA member’s required
contribution until the expiration date of the current contract, so long as it has been determined that the
contract has been impaired.
CAUTION – these rates are for employer subvention of up to one-half the member contribution under
Gov. Code §31581.1, 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.
“Refundability Factor”).
Employer pick-ups of employee contributions are those made under Gov. Code §31581.2 and Internal
Revenue Code §414 (h)(2) for the sole purpose of deferring income tax. 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.
EMPLOYEE PAYMENT OF EMPLOYER COST
There are several reasons why the attached contribution rates may need to be adjusted to increase the
employee portion including the following:
Gov. Code §31631 allows for members to pay all or part of the employer contributions.
Gov. Code §31639.95 allows for Safety members to pay a portion of the employer cost for the “3% at 50”
enhanced benefit.
Gov. Code §7522.30(c) requires that an employee’s contribution rate be at least equal to that of similarly
situated employees.
Page 18
Gov. Code §7522.30(e) allows the employee contributions to be more than one-half of the normal cost
rate if the increase has been agreed to through the collective bargaining process.
If you need to increase the employee contribution rate for any reason, you will need to adjust both
employee and employer rates as follows:
Employee rate – Increase the employee’s rate by the desired percent of payroll.
Employer rate – Decrease the employer’s rate by a percent of the cost-sharing percent of payroll
using the applicable refundability factor:
EXAMPLE FOR COST GROUP #11 LEGACY MEMBERS:
If the required increase in the employee rate is 8.0%,
Employee rates should be increased by 8.0%.
The employer rate should be decreased by 7.810% (8.0% × 0.9763)
PREPAYMENT DISCOUNT FACTOR FOR 2016-17
Employer Contribution Prepayment Program & Discount Factor for 2016-17 is 0.9686
If you are currently participating in the prepayment program and wish to continue, you do not need to do
anything other than prepay the July 1, 2016 through June 30, 2017 contributions on or before July 31,
2016. If you wish to start participating, please contact the Accounting Division at the Retirement Office
by March 31, 2016.
The discount factor is calculated assuming the prepayment will be received on July 31 in accordance with
Gov. Code §31582(b) in lieu of 12 equal payments due at the end of each month in accordance with Gov.
Code §31582(a). The discount factor for the fiscal year July 1, 2016 through June 30, 2017 will be 0.9686
based on the interest assumption of 7.25% per annum.