CERS Employer Contribution Proposed Rates Discussed
Executive Director of the Kentucky Public Pensions Authority, Ryan Barrow, shared positive news during a meeting of the Public Pension Oversight Board (PPOB) regarding recent rates of return that outperformed assumptions.
Barrow shared early predictions for the projected employer costs and investment returns, stating that he expects County Employees Retirement Systems (CERS) nonhazardous and hazardous rates will see a slight decrease in fiscal year 2027.
While not yet set, it is projected that employers will pay 17.95% for nonhazardous employees beginning July of 2026[ST1] [NS2] , down from 18.62% currently. CERS employers with hazardous duty employees could pay 35.31% in FY27, which is slightly down from the current 35.73%.
While these are predictions, the CERS Board of Trustees is expected to set its rates this December.
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