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Contribution Rates
Retirement Plan Contribution Rates

Both the City and employees make contributions to the City’s retirement plans. Contribution rates are the percentage of salary that each employee and the City pays. A number of factors are considered by the plans’ actuaries when determining contribution rates. For example, assumptions of mortality rates, salary increases/decreases, demographic changes, and investment gains/losses.

In March 2010, both retirement boards approved new retirement contribution rates. In both cases, the effect of changed assumptions was the most significant factor in raising contribution rates. The effect of investment loss was a much smaller factor leading to the increased contribution rates.

Fiscal Year 2016/2017 Rates

Fiscal Year 2015/2016 Rates

Fiscal Year 2014/2015 Rates

Fiscal Year 2013 / 2014 Rates  
Fiscal Year 2012 / 2013 Rates

Fiscal Year 2011 / 2012 Rates

Fiscal Year 2010 / 2011 Rates

Fiscal Year 2009 / 2010 Rates

Historical Rates

Funding Ratios