KRS Board Adopts FY 2018 Employer Contribution Rates

The Kentucky Retirement Systems (KRS) Board of Trustees set the FY 2018 contribution rates for cities, counties and other members of the County Employees Retirement System (CERS) at its meeting on December 1, 2016. The employer contribution rates will increase for both nonhazardous and hazardous employees largely due to changes in the actuarial assumptions. The new rates will go into effect July 1, 2017.

Required CERS Employer Contribution Rates:

CERS Plan Current Rates FY 2018 Rates
Nonhazardous 18.68% 19.18%
Hazardous 31.06% 31.55%