]-;8PMlQ16BR@Y&UZ`2^x@[heVacY.Tz2= hL u{\ .bl$hqJt occa2|$f\KNo2=.-QB @cfIN0UvqV=9PFfk62]c6hn{:(0D|{d3]wNG~PO8RT4{X 0MI]NMu!ZSEC22P= 3zc!QNsL tC3o>F"E dX+M;azdp=<2RB Lj+gY(Iy5\2wav>ivW9sYtIIn0B.y:IZvpC+) *wJ#?8yeUzW('*6B)IM, d11}S-$j-k,*&go?p( |>8)Cf\d^k@Tx!9UMl`)7Ak`:62V:y{#C(I]a;L#mGoUA4'X.7 WB . The state's contribution came in after CalPERS' valuation date and will not be reflected in CalPERS' funded status until the June 30, 2020, actuarial review, she said. Returns of at least 17 percent would reduce the rate to 6.85 percent, returns of 20 percent would reduce the rate to 6.8 percent, and if returns somehow exceed 24 percent the discount rate would drop to 6.75 percent. View Annual Health Plan Changes for details on health plans, service areas, and benefit design changes for 2023. The UnitedHealthcare Group Medicare Advantage (PPO) plans include Medicare Part D prescription drug coverage. The PORAC plan is available only to dues-paying members of that organization and their families. 16 0 obj endobj The Actuarial Office has completed the calculation of the employer contribution rate for the in the 2023-24 fiscal year (schools and the state are affected January 1, 2023. Kaiser Permanente Senior Advantage Summit. Blue Shield of California administers their own prescriptions. Active Members & Retirees. the Employer Contribution Retirement Rate for State Miscellaneous members is 29.37% and for State Safety members is 19.95% (Source: CalPERS). Lloyd Levine (ret. 0000116593 00000 n Access UnitedHeatlhCares Transparency in Coverage Machine Readable Files on their website. NM,.m ^byQ:mBk[v.FJ![tccEuce-k|zsJ/TcuX3;Z#f+h]K=gHl#'eHv-v "64{jWhp62k(qcc[^zHBm2{]`#D+s$p*Xom_ p*O3^ ?/'a`zEL&%ZJxtCqZjqv^7H[#)" qTlxJ$Qf>fwp]ks(| BI!9;TP5OJd"e tV6Fd e&{dM4Yc!u(JbDv7|y qYG endobj reduce the rate to 6.8 percent, and if returns somehow exceed 24 0000001328 00000 n less volatile investments and have a better chance to meet its 327-7500 -Email-Map, Big Changes Possible for CalPERS Pension Rates, Agriculture, Environment & Natural Resources, Letters to California Public Utilities Commission, Letters to Department of Fish and Wildlife, Letters to State Water Resources Control Board, Letters to the Governor's Office of Emergency Services, CSAC Mandate Services Working Group Agendas, 2011 Health and Human Services Realignment, California Advancing and Innovating Medi-Cal (CalAIM), SB 1: The Road Repair and Accountability Act of 2017, Federal Surface Transportation Authorization, Statewide Local Streets and Roads Needs Assessment, CSAC William Bill Chiat Institute for Excellence in County Government, Alana Hitchcock, Executive Director & CEO, Desiree Haus, Business Development Manager, Mason Smith, Head of Government and Community Relations, Ruffin Judd, Director of Customer Success, Thomas A. Carey, VP Government and Strategy, Jami Godkin, VP Director of Business Development, Moira Kenney, PhD, Regional Network Director - West Coast, Hon. 0000000016 00000 n hbbd```b`` "fHFM$dE`m`v1T]`,f+I!^$/']=o20Eg C x[mo8 k((PHM~p;m%YUl3-PYr^yOrI'{i7/!^8Y_?Xt$4#z/yL3K-No8FLz+b7O:`+,~pWv=FuD+p=]+c(/t(I5O4T0\}>l,# N5q1oopF\V: T^:#]PjgZAL9#BY#+j\^c:QF{]r mMZv#j23\iTTisFkz+juNhGV1uA#v ; 9---au 1126 0 obj <>/Filter/FlateDecode/ID[<240143012120F542ABC9E26A8E71D662><507FF1F9790C3D45996B5299AA5A94D4>]/Index[1112 28]/Info 1111 0 R/Length 81/Prev 569799/Root 1113 0 R/Size 1140/Type/XRef/W[1 3 1]>>stream Pension reform changes began in 2010 and continued to be expanded through 2013. Mitigation Policy would trigger a reduction of the discount rate year. its investment goals, however, the result is an unfunded over the past year. endstream endobj 61 0 obj <>stream This ensures that your CalPERS premiums are appropriate and competitive for where you live. Employees hired before then will continue to contribute 7%, as guaranteed by state law. Rates & Employer Contributions View How CalPERS Sets Health Premiums to get details on the rates and plans process. pension contribution rates approved by the CalPERS Board of Administration on April 20, 2021. Effective Date: January 1, 2023 Member contributions other than cost sharing (whether paid by the . decided. percent the discount rate would drop to 6.75 percent. PUBLISHED: December 3, 2021 at 12:56 p.m . The following CSU Systemwide Human Resources technical letters provide further details on pension reform measures: You may be trying to access this site from a secured browser on the server. %PDF-1.7 % portfolio, a review that could also result in a reduced We serve those who serve California. 21 0 obj x 3IikpF.n b"(]@T6hb( While states statutory obligation to adjust retirement funding based on annual rates set by CalPERScontinues (Government Code section 20814),the salary base applied to the incremental rate change is annually setin the state budget to the CSU 2013-14 pensionable payroll level as reported by the State Controllers Office. This reflects a $330 million Log in to your member$j(document).ready(function() { $j('body').append("

Log in as an active member, retiree, non-member, community property payee, beneficiary, survivor or health subscriber.

" ); }); or employer$j(document).ready(function() { $j('body').append("

Log in as an employer or business partner if you're a representative of the State of California, a public agency, school, reciprocal or non-reciprocal retirement system, health carrier, medical vendor group, independent medical examiner, job assessor, direct authorization or service provider.

" ); }); account. 0000003701 00000 n 0000003423 00000 n HRK0WQJ--, .vKK@Cd;l@df|&y;|}l^#|UB@prVC(`PoEW9{h,`b'BD4G$W0GHjK:LcTH]X! Active subscribers should contact their employer to inquire which formula applies to their bargaining unit. &U+]k"KL,/@"@("3 v * OptumRxis the PBM providing prescription benefits for this health plan. OptumRx is the PBM providing prescription benefits for this health plan. %PDF-1.7 % 0000001495 00000 n hb```y,w@(q}[kGGoE4?5t'WFIpwghc5-H1+g,y0c@ 0000117225 00000 n 0000115043 00000 n 0000115833 00000 n Employer Contribution The employer contribution rate for FY 2021-22 will be 22.91%. 0000116358 00000 n contribution rates for employers and some employees, although not 19 0 obj until the 2023-24 fiscal endobj 0000072907 00000 n 0000115112 00000 n employer contributions in this report do not reflect any cost sharing arrangement you may have with your employees. Copyright 2023 California Public Employees' Retirement System (CalPERS) | State of California, View all health plan Summary of Coverage and Evidence of Coverage documents, Your Rights and Protections Against Surprise Medical Bills (PDF), California Health Care Quality Report Cards, COVID-19 Test Kits for CalPERS Health Plan Members, Uniform Glossary of Health Coverage and Medical Terms (PDF), Your Guide to Choosing a Health Plan (PDF), PERS Platinum Supplement to Medicare Plan, UnitedHealthcare Group Medicare Advantage. Beginning July 1, 2014, PEPRA covered members wererequired to cover half of normal costs. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 24 0 R/Group<>/Tabs/S/StructParents 1>> Projections for 2021-22, 2022-23, and 2023-24 . Californias Community Colleges: At a Crossroads, Adjuncts gig economy at CA community colleges, College And Covid: Freshman Year Disrupted, Education during Covid: California families struggle to learn, Tainted Taps: Lead puts California Students at Risk, Full Circle: California Schools Work To Transform Discipline, Californias Homeless Students: Undercounted, Underfunded And Growing, Eyes on the Early Years Newsletter Archive, Tapping into family engagement can boost literacy and math, experts say, Coalition urges California to invest $150 billion in climate-resilient, healthy schools, Minority males benefit from having a consistent academic coach, study finds, High school junior in Sonoma County stabbed to death in fight in art class, UC Berkeley offers counseling to students and staff after man sets himself ablaze on campus. they would otherwise be, the overall result would still be lower This plan has no geographical restrictions. <> endobj 5m_w:@h^pS\'Jl6pA=i1*"^ dTjJDn4 8vU6r4hEQAM <6I36^^C;|}.>P(^i,sRt>/BYj m,9hHKrwaqlLji{{bfp(U@]"e6YLMR"e /1TBx,90%M"s! . almost certainly trigger an as-yet-unused CalPERS policy to Upon final approval by the Board, CalPERS staff will prepare and issue a Circular Letter to notify state employers of the contribution rates each fiscal year. 0000004397 00000 n Kaiser Permanente Senior Advantage Summit is available as of January 1, 2023. All rights reserved. The majority of CSU employees (approximately 98 percent) with CalPERS retirement benefits fall within the CalPERS Miscellaneous Tier 1 category. You may also use our online service, the Health Plan Search by ZIP Code. <> Retirement Benefit Formulas State employee retirement benefits vary due to pension reform established in 2010, 2011, and 2013 through bargaining and legislative changes. HlSk0~_qO,lC)$i:Zf{(azU`y)!e4;t?%]e2/ These rates reflect the employee wages and benefits that are valued at least 85 percent of the state employer cost of . California Correctional Peace Officers Association (CCPOA) (HMO). endstream endobj startxref 0000006427 00000 n Open Enrollment is an annual process that occurs in the fall. 18 0 obj 10 0 obj portfolio, alana[remove-this-and-replace-with-at]ca211.org, dhaus[remove-this-and-replace-with-at]southlandind.com, mason[remove-this-and-replace-with-at]hipcamp.com, info[remove-this-and-replace-with-at]csacfc.org, tcarey[remove-this-and-replace-with-at]letsgetchecked.com, jgodkin[remove-this-and-replace-with-at]cglcompanies.com, moira.kenney[remove-this-and-replace-with-at]uniteus.com, christen[remove-this-and-replace-with-at]govinvest.com, michael.posey[remove-this-and-replace-with-at]lsslibraries.com, brandon[remove-this-and-replace-with-at]rescueagency.com, ben[remove-this-and-replace-with-at]gxbroadband.com, lloyd.levine1[remove-this-and-replace-with-at]t-mobile.com, chelsea.machado[remove-this-and-replace-with-at]essvote.com, Courtney.hastings[remove-this-and-replace-with-at]qlik.com, kfuentes[remove-this-and-replace-with-at]drcusa.com, gbalter[remove-this-and-replace-with-at]opengov.com, t.main[remove-this-and-replace-with-at]procureamerica.org, andrew.keifer[remove-this-and-replace-with-at]blueshieldca.com, jfiske[remove-this-and-replace-with-at]baronbudd.com, laura[remove-this-and-replace-with-at]caltrust.org, sarah.qureshi[remove-this-and-replace-with-at]nexteraenergy.com, cathy.varner[remove-this-and-replace-with-at]peraton.com, JB1F[remove-this-and-replace-with-at]pge.com, tbacon[remove-this-and-replace-with-at]us.ibm.com, mdiel[remove-this-and-replace-with-at]cchi4families.org, bm3620[remove-this-and-replace-with-at]att.com, narshi[remove-this-and-replace-with-at]alliant.com, michael.prosio[remove-this-and-replace-with-at]wellpoint.com, cbarna[remove-this-and-replace-with-at]cscda.org, monica.cardielcortez[remove-this-and-replace-with-at]cgi.com, joe.feliciani[remove-this-and-replace-with-at]welldynerx.com, beth_hester[remove-this-and-replace-with-at]comcast.com, rbrush[remove-this-and-replace-with-at]csac-eia.org, dsandall[remove-this-and-replace-with-at]dlrgroup.com, steven.bennett[remove-this-and-replace-with-at]dominionvoting.com, Lisa.m.holmes[remove-this-and-replace-with-at]ehi.com, pmello[remove-this-and-replace-with-at]hansonbridgett.com, allison.barnett[remove-this-and-replace-with-at]healthnet.com, Jennifer.Scanlon[remove-this-and-replace-with-at]kp.org, bilor[remove-this-and-replace-with-at]nationwide.com, ewestrom[remove-this-and-replace-with-at]synoptek.com, mwall[remove-this-and-replace-with-at]uhc.com, bob.fletcher[remove-this-and-replace-with-at]vanir.com, creheis[remove-this-and-replace-with-at]wspa.org. Privacy Policy hbbd```b``:" N -`0 NA?` 6L@DbFg` D Returns of at least 17 percent would For more information, visit CalHR. Previous projections reflect rates at the time of the Governor's Budget proposal. However, use of this budgeting practice by the state is problematic and should be discontinued. Employers & Business Partners. Kaiser administers its own prescription benefits. The higher the contribution rates and a reduced discount rate. months of its (PORAC) (PPO). stream 0000001076 00000 n Log in to your member or employer account. Employee contributions other than cost sharing (whether paid by the employer or the employee) are in addition to the results shown below. startxref HTMo@+QvEJHHHU.+i n~g6jJN Z$@Uh hb```b````c``ed@ AV ha`*303 h`` K"e(f`d`ddL`ehcfghp/|DLBLyvA:C'4 J {hf4#y n!g4Dq@ endobj 1 0 obj 0000001728 00000 n <> The CCPOA plan is available only to dues-paying members of that organization and their families. Box 942715 | Sacramento, CA 94229-2715 888 CalPERS (or 888-225-7377) | TTY: (877) 249-7442 www.calpers.ca.gov Actuarial Circular Letter June 30, 2020 Circular Letter: 200-034-20 Distribution: XII, XVI To: All School Employers Subject: 2020-21 School Employer and Employee Contribution Rates . 66 0 obj <>/Filter/FlateDecode/ID[<96B32480A50DBF40ADD9EFB432588241><6AA6A6B0CE55104A83D40B41F76D5E16>]/Index[49 41]/Info 48 0 R/Length 90/Prev 132668/Root 50 0 R/Size 90/Type/XRef/W[1 3 1]>>stream endstream endobj 1656 0 obj <. Since health care costs vary throughout California, regional pricing adjusts premiums to reflect the actual cost of health care in your specific region. Effective July 1, 2016 through June 30, 2021, the rate increased from 9.2% to 10.25%. CalPERS retirement contribution rates decreased for 2020-21 for the first time in several years, due in part to advanced paydown of unfunded retirement obligations, so there is no request for additional retirement funding in 2021-22. HTM0+U8Zd+V=4^LmUKfA''!J}}Hi0$cx0d=,(Ys,[i3!!}oi?,LWps3}X~;<3Qu}>]adCuqO!dm9H!~+TaE@e2.FP,zF{|o x[rH+BP`/GH9hL}h"! regular, though infrequent, review of its investment endobj 0000007134 00000 n endstream endobj 1116 0 obj <>stream stream Prior to September 1, 2021, the OPEB contribution was based on the eligible earnings from the prior pay period. CalPERS fiscal-year 2021 returns and discount rate change also impacts its funded status. During this time, you can enroll, change health plans, add eligible dependents, delete dependents, or cancel coverage. slightly reduce the discount rate. On April 30, 2021, the State Controller's Office (SCO) will implement an Employment History (EH) system modification to add a new E-LVL (CalPERS Enrollment Level) field in the PIMS and CSUC on the RST screen. The 2020-21 employer-paid retirement adjustment is equivalent to adecrease of $42.7 million. The 2020-21 employer-paid retirement adjustment is equivalent to a decrease of $42.7 million. Ms. hbbd```b``VLA$#?} , Dr9j *yLKsZN^~ Qo-"0]\.|pWJm)jP:v@]wAa8YH# Juq:'kx\hp-#I$]% Oi$)n`-oGWN-m# Are you a retiree? 2022 CalPERS HEALTH BENEFITS PROGRAM BASIC PLAN RATES Monthly Employee Cost The employer contribution rates below are what the CSU contributes toward your monthly health premium. endobj %PDF-1.7 % %%EOF The CSU cannot hire additional employees or provide continued investment to ensure competitive salary and benefits salary without the proper level ofstate funding. %%EOF Active subscribers are subject to the 80-80 or 85-80 formula. ;( jQ@uc *_@zy`Fm0Z$aGVBl. (`c/IQ G*EK`z/2-9q8vW1fw(^ &m['Rc>iVF$v#8&;+~68#oA(g(U7;q\f>- ?7CnrA|+!c?XAnjGo=|QnNCS.yV{78Vx9b&46}NJa`xPf:%Jb4ANIJ|D}_ Nyq systems, which rely on investment gains to provide over half of first implemented in 2015, states that when investment returns <> <> 1112 0 obj <> endobj How are Christians received at a California public university? rate of 16.92% would be the net value of the employer contribution rate when applying the state subsidy of 2.18% to the employer contribution rate likely adopted by CalSTRS of 19.1%. And rates will come down gradually over the following four years until reaching 22.5% of salary in 2026-27. percent. It provides coverage anywhere in the world. While those changes would make contribution rates higher than they would otherwise be, the overall result would still be lower . The following table provides a ten-year overview of CalPERS employer-paid retirement contribution rates and adjustments from 2011-12 through 2020-21: Beginning with the 2013-14fiscal year, the annual state budget placed a limit on the states obligation to adjust CSU retirement funding due to annual changes in CalPERS rates. zaQ'9wA2ec)& ]C JJb'(Fy->Q/fY. 0000002853 00000 n 0 11 0 obj Access Blue Shield of Californias Transparency in Coverage Machine Readable Files on their website. 1655 0 obj <> endobj employers. Note: The Prudent Buyer Network for CAHPs Basic and Combination Plan is available only in California and in limited areas of selected states outside of California. %PDF-1.6 % The Panel intends to provide similar calculations in future years. 811 0 obj <>stream Effective July 1, 2023, the employee contribution rates for Miscellaneous, Safety and Industrial members shall increase by one half percent (0.50%) . %PDF-1.5 for employers and employees. Final 2019-20 pensionable payroll for the CSU was 32 percent ($735.5 million) abovethe 2013-14 frozen pensionable payroll level. endstream endobj 62 0 obj <>stream The expected. The new CalPERS Miscellaneous Tier 1 members hired in 2013 and beyond under PEPRA shall contribute half of the normal cost of CalPERS retirement benefits, which is currently 6 percent of compensation without the $513 offset. All employees Classic 3% @ 50 0.00% 9.00% 12.00% 22.930% 31.930% Hired on or after 1/1/13 New Member 2.7% @ 57 13.00% 0.00% 0.00% 22.930% 22.930% CalPERS Contributions for all employees internet FY 21-22 Rates CH 06/17/2021 Non-represented Executives -Sworn Member Contribution Employee Rate Employer Normal Cost Rate Miscellaneous and Safety 2021 Rates Updated as of 02/01/2021 for Rank and File Employees. <> Your cost is any amount above the employer contribution. One of the results of those investment gains endstream endobj 48 0 obj <>/Metadata 5 0 R/Names 49 0 R/Pages 4 0 R/StructTreeRoot 7 0 R/Type/Catalog/ViewerPreferences 50 0 R>> endobj 49 0 obj <> endobj 50 0 obj <> endobj 51 0 obj <>/MediaBox[0 0 612 792]/Parent 4 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 52 0 obj <> endobj 53 0 obj <> endobj 54 0 obj <> endobj 55 0 obj <> endobj 56 0 obj <> endobj 57 0 obj [226 0 0 0 0 715 682 0 303 303 0 0 250 306 252 386 507 507 507 507 507 507 507 507 507 507 268 0 0 0 0 0 0 579 544 533 615 488 459 631 0 252 319 0 420 0 0 662 517 0 543 459 487 0 567 0 519 487 0 0 0 0 0 0 0 479 525 423 525 498 305 471 525 230 239 0 230 799 525 527 525 525 349 391 335 525 452 715 433 453 0 0 460] endobj 58 0 obj <> endobj 59 0 obj [226 0 0 0 0 0 0 0 312 312 0 0 0 306 267 0 507 507 507 0 0 0 0 0 507 0 276 0 0 0 0 0 0 606 0 529 0 488 0 0 0 0 0 0 0 874 0 0 532 686 563 473 495 0 0 0 0 0 0 0 0 0 0 0 0 494 537 418 537 503 0 474 537 246 255 0 246 813 537 538 537 0 355 399 347 537 473 745 0 474] endobj 60 0 obj <>stream The policy is designed to reduce the rate to 6.85 percent, returns of 20 percent would regular, though infrequent, review of its investment Meanwhile, the contribution rate of employees hired after Jan. 1, 2013, when the pension reform law known as PEPRA took effect, will rise from 7% to 8% of pay. <> Peace Officers Research Association of California endobj CalPERS defines normal cost as the annual cost of The table below shows the minimum required employer contributions and the Employee PEPRA Rate for fiscal year 2021-22 along with an estimate of the required contribution for fiscal year 2022-23. endobj ouax3vH(5hK5ZWtHH/)$2)I9TGy]3[3Ahl4{ 'wZTAU([aC@jI\Qk'PJJr*?WG6At.W^UEd4P Kxv$=yg=]/{ w{# 8= |D9EV$ZW^1vZ\PWQx . liability that results in even higher costs, especially for Some health plans are available only in certain counties and/or ZIP Codes. endstream endobj 781 0 obj <>/Metadata 12 0 R/Names 795 0 R/Outlines 16 0 R/Pages 778 0 R/StructTreeRoot 17 0 R/Type/Catalog/ViewerPreferences 796 0 R>> endobj 782 0 obj <>/MediaBox[0 0 792 612]/Parent 778 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 2/Tabs/S/Type/Page>> endobj 783 0 obj <>stream <> California Public Employees' Retirement System P.O. The state Department of Finance processes state agency retirement adjustments during the fiscal year. Contributions next year will still be a record high, jumping from 22.92% of an employee's salary in 2021-22 to 25.40%, but that will be 0.7% less than had been forecast. 17 0 obj $@[ >UYy^. From blue chips to meme stocks, from crypto to real estate, <> The contents of this letter are nonbinding and advisory only, hbbbf`b`` ) } Blue Shield of California prescription benefits are administered by CVS Caremark. !R]cc8O\ E2KW$'A5K!Q@0c@#RG). 1684 0 obj <>stream California State Controller's Office: PEPRA 2020, 2021, 2022 49 0 obj <> endobj benefit of the extraordinary investment gains between future endstream endobj 50 0 obj <>/Metadata 6 0 R/Names 67 0 R/Outlines 11 0 R/Pages 47 0 R/StructTreeRoot 12 0 R/Type/Catalog/ViewerPreferences 68 0 R>> endobj 51 0 obj <>/MediaBox[0 0 612 792]/Parent 47 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 3/Tabs/S/Type/Page>> endobj 52 0 obj <>stream one year earlier). ' hTmO0+iB~*5}$`(cZZTIsM ;;sF81 (Z AD^)]H H4`bw>"pp^g1D15zq9&7|IoVb^V~Zg2~fiv7? 0000002239 00000 n 0 P5 Restoration of 2020-21 General Fund Reduction, Historical Marginal Cost Enrollment Funding, Professional and Continuing Education (PaCE). Access Anthem Blue Cross Transparency in Coverage Machine Readable Files on their website. These rates are effective with the first payroll period that ends in July 2021 and are in effect for fiscal year (FY) 2021-22. The 2022-23 employer-paid retirement adjustment is equivalent to an increase of $68.5 million. CalPERS has lowered its projected contribution rates for districts significantly for the five-year period starting in 2022-23. Blue Shield of California administers their own prescription drug benefits. At the end of the third quarter, CalPERS investments had gained To find your specific health plan premium rates, choose your region from the options below: View the 2023 COBRA premiums by region (PDF). 24 0 obj CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. xref could be reduced further. gq6cr~r6>oZ hb```,B aB;Ws4tHK&2}bT4>69Y{C*q+ 4[<>g!9 U COBRA premiums are calculated at 102% of the Basic premiums, but some carriers may charge less than these maximum amounts. Contributions next year will still be a record high, jumping from 22.92% of an employees salary in 2021-22 to 25.40%, but that will be 0.7% less than had been forecast. aC"!D4C~9gr,c}$4rkt!ZV_-pwktd-XR)'.1|6-lO@sp!L%T+,wp`j@7(}= y/JA1\QZ'uozCUC7Yh;p(xkKM';7(/@r)W? Fiscal Year Employer Normal Cost Rate Employer Amortization of Unfunded Accrued Liability Employee PEPRA Rate 2021-22 11.56% $5,671,931 8.00% Projected Results 2022-23 11.2% $6,133,000 TBD board and committee meetings over the next few months, where <> discount rate and commensurate changes to the investment 3 0 obj " 9v1nNp8bGK!2kw nv4alQ*-NIW^rQx!~uwn3xt. 5" kA;X]Qq{D]C 2{MkGt_VhV$&ZVi\U@IuzWm(k+nA#xJW""xqmH7SrE.ok,.Qnm6