July 26, 2024 16:32 Updated Follow The fund’s actuary determines the gross annual payroll percentage amount. Related articles Does the gross annual payroll percentage for PERF remain the same or does it change? Are contribution amounts covering unfunded pension liability made to My Choice: Retirement Savings Plan accounts? What is the employer contribution rate for the PERF Hybrid plan? What happens if I don't make an election in the PERF Hybrid plan or My Choice: Retirement Savings Plan? How much can I match based on an employee’s voluntary contributions in the PERF My Choice plan?