REVISED Retirement Contribution Rates

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	7.17%
HM	Senior Management (SMSC)	11.13%	12.13%
ON	Optional Retirement Without FICA	10.43%	10.15%
OP	Optional Retirement Program	10.43%	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	12.50%
DR	DROP from Plan A, SCOERS (1) (2)	12.50	12.50%
DS	DROP from Plan B SCOERS (2)	12.50	12.50%
DT	DROP from Teacher Retirement System, all plans (2)	12.50	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.