Retirement Contribution Rates

Published: July 5th, 2000

Category: Memos

John P. Kruczek, University Controller

The Florida Legislature has revised the Florida Retirement System employer contribution rates for the next year. The tables below list the new employer contribution rates effective July 1, 1999 and the old employer contribution rates effective July 1, 1998 to June 30, 1999.

PLAN
CODE
PLAN NAME NEW
RATE
OLD
RATE
HA Regular 9.15% 10.15%
HB Special Risk 20.29% 21.16%
HD F1/J1 Visa 9.15% 10.15%
HJ Special Risk Adm. Support 11.68% 12.47%
NF Federal Supplemental (2) 7.17%
HM Senior Management (SMSC) 11.13% 12.13%
ON Optional Retirement Without FICA 10.32% 10.15%
OP Optional Retirement Program 10.32% 10.15%
RA FL Reemployed Retirement Member 9.15% 10.15%

The new DROP Retirement codes and the employer contribution rates follow.

PLAN
CODE
PLAN NAME NEW
RATE
OLD
RATE
DP DROP from FRS (FL Retirement System)(2) 12.50%
DR DROP from Plan A, SCOERS (1) (2) 12.50%
DS DROP from Plan B SCOERS (2) 12.50%
DT DROP from Teacher Retirement System, all plans (2) 12.50%

(1) State and County Retirement
(2) No change

Please direct questions regarding Payroll processing and departmental charges to Murphy Miller (mjmiller@ufl.edu) at 392-1231. Questions regarding retirement programs and how these changes affect you should be directed to Joanne Dice (Joanne-Dice@ufl.edu) at 392-4941.

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