Pension Contribution Changes for 2019
Effective 2019 you will see an increase in your contributions to the pension fund. Those increases are an important step in improving the fund’s health. All members of DC33, DC47, and Deputy Sheriffs, as well as non-represented and exempt employees, are subject to the additional pension contributions shown in the tiered chart below. The tiered contribution is based on your annual salary and is in addition to your current deduction.
Annual Salary Range | Additional Pension Contribution |
$45,000 or less | No Change |
$45,001 to $55,000 | Increase of .5% |
$55,001 to $75,000 | Increase of 1.5% |
$75,001 to $100,000 | Increase of 2% |
More than $100,000 ($100,001+) | Increase of 2.75% |
Plan 16
Employees in Plan 16 are subject to a base contribution rate, as well as the tiers, but only pay contributions on their earnings up to the pensionable cap of $65,000:
Annual Salary Range | Additional Pension Contribution |
$45,000 or less | No Change |
$45,001 to $55,000 | Increase of .5% |
$55,001 to $65,000 (cap) | Increase of 1.5% |
Due to annual changes to pension contribution rates effective each July 1, the amount of the pension contributions being deducted from your paycheck may have increased. If you have noticed an increase in your bi-weekly pension contribution amount, it is due to this annual rate change.