TRS/ORP Retirement Rates

by

TEACHER’S RETIREMENT SYSTEM

Teacher’s Retirement System determines employee and employer contribution rates one year prior to the effective date. TRS, a defined benefit plan, operates on a fiscal year (July1- June 30). The TRS rates remain unchanged for Fiscal Year 2017.

FISCAL YEAR 2017 – TRS

Employer contribution rate         14.27%

Employee contribution rate          6.00%

OPTIONAL RETIREMENT

The contribution rates for the Optional retirement Plan, (ORP) will remain the same for the remainder of the 2016 calendar year.

Employer contribution rate         9.24%

Employee contribution rate        6.00%