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KYRetirement Systems
Employer Contribution Rates for Fiscal Year 2005-2006
The following contribution rates have been established for fiscal year 2005-2006 as a result of the June 30, 2003 actuarial valuation and actions of the 2004 Special Session of the General Assembly.
| KERS Non-Hazardous Employers: | 5.89%1 |
|---|---|
| KERS Hazardous Employers: | 18.84%1 |
| SPRS Employers: | 21.58%1 |
| CERS Non-Hazardous Employers: | 10.98% |
| CERS Hazardous Employers: | 25.01% |
1House Bill 1 passed during the 2004 Special Session of the General Assembly reduced the employer contribution rate from the amount recommended by the Board and its' consulting actuary. The actuarially recommended rates effective July 1, 2005 were 13.62% for KERS non-hazardous employers, 21.59% for KERS hazardous employers, and 34.83% for SPRS employers.
These rates will be effective July 1, 2005 through June 30th, 2006.