TRS Salary Limits and EE/ER Contribution Rates

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Fiscal Year 2020 TRS Contribution Rates

The board also adopted the employee and employer contribution rates for Fiscal Year 2020.

The TRS, a defined benefit plan, operates on a fiscal year cycle (July 1 – June 30).

The TRS employer rate will increase for Fiscal Year 2019 and Fiscal Year 2020 as follows:

FISCAL YEAR 2019 –TRS Contribution Rates July 1, 2018 – June 30, 2019 Employer Contribution Rate 20.90% Employee Contribution Rate 6.00%

FISCAL YEAR 2020 –TRS Contribution Rates Effective July 1, 2019 Employer Contribution Rate 21.14% Employee Contribution Rate 6.00%

FY2019 TRS Salary Limits FY2020 Contribution Rates