This site will look much better in a browser that supports current Web standards, but the contents are accessible to any browser.
*KRS Home|
*About KRS|
*Annual Reports|
*Board of Trustees|
*Board of Trustees Meeting Schedule|
*Board of Trustees Meeting Minutes|
*Board of Trustees Bylaws|
*Contact KRS|
*Directions|
*Disability Retirement|
*Employer Information|
*Employment Opportunities|
*FAQ's|
*Forms|
*Health Insurance|
*Internal Audit|
*Newsletters|
*Calculators|
*One-On-One Conferences|
*Pre-Retirement Seminars|
*Publications|
*Request for Proposals|
*Site Map|
*Staff Directory|
START Button*START Project|

For other Kentucky
Government sites visit:
Go to the KY home page.
KYRetirement Systems

Employer Contribution Rates

KRS 16.645, 61.565 and 78.545 require the Board of Trustees of Kentucky Retirement Systems to determine the employer contribution rates based on an actuarial valuation. The most recent actuarial valuation was performed June 30, 2007, and the following employer rates effective July 1, 2008, have been recommended and adopted as a result of the actuarial valuation and actions of the 2006 Regular Session of the General Assembly:


Contribution Rates for Fiscal Year 2008-2009
Kentucky Employees Retirement System Nonhazardous employees:  10.01%*
Kentucky Employees Retirement System Hazardous employees 24.35%*
County Employees Retirement System Nonhazardous employees 13.50%  
County Employees Retirement System Hazardous employees 29.50%  
State Police Retirement System 30.07%*

 

Employer contribution rates for the Kentucky Employees Retirement System and the State Police Retirement System are subject to budget approval by the General Assembly. Employer contribution rates for all systems may also be amended if legislation affecting the rates is implemented in upcoming sessions of the General Assembly.


*In accordance with KRS 61.565, the rates listed below were recommended by the board's actuary:
KERS Nonhazardous – 28.60%;
KERS Hazardous – 34.78%
SPRS – 60.14%.

Please note however, the KERS and SPRS rates were established in the 2008-2010 Executive Branch Budget enacted as HB 406 during the 2008 session of the Kentucky General Assembly. The CERS rates listed above were enacted by House Bill 1 in the 2008 Special Legislative Session. All rates will become the effective contribution rates effective on July 1, 2008.