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A contribution rate is the rate an employer pays to PERS to fund the retirement benefits of their PERS-eligible employees. PERS actuarial consultants calculate each employer’s contribution rate based on a number of factors explained in the Guide to Understanding Your Rate. The rate is multiplied by your employees’ subject salary and billed to you on your EDX invoice.
Every even year in the fall, the PERS Board approves the employer contribution rates for the upcoming biennium. Following approval, the accompanying valuations detailing an employer’s individual rates are published to the Actuarial Valuations webpage. Every odd year (i.e., 2021, 2023, 2025) on July 1, these approved rates take effect.
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