Every two years the state Pension Funding Council analyzes pension funds and determines if any adjustments need to be made to keep the fund healthy.
Every employee’s Plan 2 account received a rate increase starting September 1, 2019.
- School Employees’ Retirement System (SERS): 8.25% (Previously 7.27%)
- Teachers’ Retirement System (TRS): 7.77% (Previously 7.06%)
For more information visit the Department of Retirement Services.