As of July 1, 2021, the member crediting rate is 3.2 percent, which does not include the member contribution rate of 3% paid by the State. The total employer rate for PERF State is 11.2% – 8.0% of that total will be applied to an unfunded actuarial accrued liability of PERF.
Effective July 1, 2022, the total employer rate will remain at 11.2% with the normal cost at 3.7% and 7.5% being applied to the unfunded actuarial liability of PERF.