June 07, 2023 18:15 Updated Follow The PERF actuary reviews the status of employees covered annually. The percentage may adjust to alleviate unfunded liability. Related articles What options do I have to make member contributions to the My Choice: Retirement Savings Plan as an employer? What happens if I don't make an election in the PERF Hybrid plan or My Choice: Retirement Savings Plan? What is the employer contribution rate for the State of Indiana PERF My Choice plan? When will the new employer contribution rates come into effect each year? What is the difference between the TRF Hybrid and My Choice plans?