CERS Contribution Rate Newsletter

Kentucky Public Pensions Authority sent this bulletin at 12/08/2020 01:00 PM EST

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The KRS Board of Trustees met on December 3rd and adopted CERS employer contribution rates for Fiscal Year 2022. These rates are effective July 2021 and were set in accordance with KRS 61.565(5) which caps CERS employer contribution rate increases up to 12% over the prior fiscal year for the period of July 1, 2018 to June 30, 2028.

Employer contribution rates for Fiscal Year 2022 are effective July 1, 2021:

CERS Nonhazardous: 26.95%

CERS Hazardous: 44.33%

 

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