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The employer base funding rate will change from $1,100 to $1,178 per employee per month on September 1, 2024 for school year 2024-25. The employer base funding rate (also referred to as the funding rate) is the rate the employer pays each month for each employee.
The new rate is effective September 1, 2024 through August 31, 2025. Employee contributions remain unchanged until January 1, 2025.
The rate letter is available on the SEBB BA website, Rates page.
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