MSRPSContributory Rates
| System | Rate% |
|---|---|
| * State Employers | |
| Teachers' Retirement and Pension | 14.71 |
| Employees' Retirement and Pension | 14.05 |
| State Police Retirement | 66.71 |
| Judges' Retirement | 50.92 |
| Law Enforcement Officers' Pension | 52.47 |
| Participating Governmental Units | |
| Employees Retirement | 11.47 |
| Employees' Pension | 6.47 |
| Contributory Pension Benefit (CPB) Surcharge 1 | 2.42 |
| Alternate Contributory Pension Selection (ACPS) Surcharge (CPB Participants) 2 | 1.11 |
| Alternate Contributory Pension Selection (ACPS) Surcharge (Non-CPB Participants) 3 | 7.44 |
| Law Enforcement Officers' Pension | 31.76 |
| Local Correctional Officers' Retirement | 9.41 |
*In addition, in accordance with Section 26(2) of House Bill 72 (Chapter 397, Laws of 2011) the Board of Trustees certified the amount of $190.8 million as additional employer contributions to paid into the System by the State.
Surcharge Rates
Note: The surcharge rates above are not applicable to employers who joined after July 1, 2011.
1 This is an additional surcharge for PGUs that enrolled in the Contributory Pension Benefit (CPB). This surcharge is to be applied against total payroll.
2 This is an additional surcharge for PGUs that formerly enrolled in the Contributory Pension Benefit (CPB) but have now enrolled in the Alternate Contributory Pension Selection (ACPS). This surcharge is to be applied against Employees' Pension System payroll only in addition to the CPB surcharge of 2.42% against total payroll.
3 Applies to locations 6526 and 7528 only. This is an additional surcharge for PGUs that were not enrolled in Contributory Pension Benefit (CPB) but have now enrolled in the Alternate Contributory Pension Selection (ACPS). This surcharge is to be applied against Pension System payroll only.
If you have any questions regarding the applicability of the rates, please contact Tony Roberts at (410) 625-5638, or Reham Greene at (410) 625-5444.