Teachers Retirement System (TRS) determines employee and employer contribution rates one year prior to their effective date. The TRS, a defined benefit plan, operates on a fiscal year cycle (July 1 – June 30). Please note there is a change in the employer contribution rate for Fiscal Year 2018. The TRS employer contribution rate will increase from 14.27% to 16.81%, while the employee contribution rate will remain at 6.00%. The new rate will become effective July 1, 2017.

FISCAL YEAR 2018 –TRS Contribution Rates

Employer Contribution Rate 16.81%

Employee Contribution Rate 6.00%

The contribution rates for the Optional Retirement Plan (ORP) will remain the same for the remainder of the 2017 calendar year. The ORP employer contribution rate will remain at 9.24% and the employee contribution rate will remain at 6%.

CALENDAR YEAR 2017 – ORP Contribution Rates

Employer Contribution Rate 9.24%

Employee Contribution Rate 6.00%