CERS Contribution Rates
Kentucky Public Pensions Authority sent this bulletin at 12/08/2021 01:29 PM ESTThe CERS Board of Trustees met on December 1st and adopted CERS employer contribution rates for Fiscal Year 2023. These rates are effective July 2022 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 2023 are effective July 1, 2022:
CERS Nonhazardous |
26.79% (23.40% Pension, 3.39% Insurance) |
CERS Hazardous |
49.59% (42.81% Pension, 6.78% Insurance) |