New base funding rate effective July 1, 2023

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New base funding rate effective July 1, 2023

The new employer base funding rate changes from $1,130 to $1,145 per employee per month on July 1 for fiscal year 2023-2024. The employer base funding rate (also referred to as the funding rate or state share) is the amount the employer pays each month for eligible employees. The new rate will be effective from July 1, 2023 through June 30, 2024.

The rate letter is available on the BA website Rates page.

Employee contributions remain unchanged until January 2024.