2018-2019 Tier 6 Contribution Calculator
Tier 6 members fall under The Public Employees’ Pension Reform Act (AB 340) which sets the standard that the employee contribution rate be at least 50% of the total aggregate normal cost required to fund their benefit. The normal cost is the level percentage of payroll contribution required to fund an employee’s additional year of service credit that will be earned in the year in which those contributions will be made. The contribution rate for Tier 6 members is actuarially determined and updated annually.
Click here for more information on Tier 6 contribution rates and pensionable salary.