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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, 2001 and the old employer contribution rates effective July 1, 2000 to June 30, 2001.
| PLAN CODE |
PLAN NAME | NEW RATE | OLD RATE |
| HA | Regular | 7.30% | 9.15% |
| HB | Special Risk | 18.44% | 20.29% |
| HD | F1/J1 Visa | 7.30% | 9.15% |
| HJ | Special Risk Adm. Support | 9.83% | 11.68% |
| NF | Federal Supplemental | 6.96% | 7.17% |
| HM | Senior Management (SMSC) | 9.28% | 11.13% |
| ON | Optional Retirement Without FICA(2) | 10.43% | 10.43% |
| OP | Optional Retirement Program (2) | 10.43% | 10.43% |
| RA | FL Reemployed Retirement Member | 7.30% | 9.15% |
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) | 12.67% | 12.50% |
| DR | DROP from Plan A, SCOERS (1) | 12.67% | 12.50% |
| DS | DROP from Plan B. SCOERS | 12.67% | 12.50% |
| DT | DROP from Teacher Retirement System, all plans |
12.67% | 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.