Transcription of Fiscal Year 2022/2023 Employer Contribution Rate
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Fiscal Year 2022/2023 Employer Contribution Rate
Fiscal year 2022/2023 Employer Contribution Rate On December On December 3, 17, 20202021 the PSERS. the PSERS Board ofBoard of Trustees Trustees certified certified an Employer ancontribution Employer Contribution rate of for of Fiscal for2021/2022, year (FY) Fiscal yearwhich (FY) 2022/2023 , begins July 1,which The 1, 2022. The is composed raterate of a is for composed health insurance premium assistance, for Act 5 Defined Contribution , and a pension rate ofDefined of a rate for health insurance premium assistance, for Act 5. Contribution , Over 76% and of athe pension rate Employer of pension Over 80%. Contribution rate isoffor the theemployer payment ofcontribution rate is unfunded liability, for the payment of unfunded liability, which is primarily which is primarily debt for past service already earned by members.
Dec 17, 2021 · fiscal year (FY) 2021/2022, which begins July 1, 20212. The 34.94% rate is composed of a 0.8 0% rate for ... PSERS' role expanded upon the passage of Act 5 of 2017 to include oversight of two new hybrid benefit options consisting of defined benefit and defined contribution (DC) components and a stand-alone DC plan. As of June 30, 2021, PSERS ...
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