CalPERS ‘Tier 2’ Plans To See Contribution Rate Bump
Nearly 6,400 state workers who are in a lower-contribution, lower-benefit California retirement plan soon will see their contribution rates increase from 3% to 3.75%. The contribution rate change for "Tier 2" CalPERS members takes effect July 1.
- "Higher Pension Contributions Ahead for a Few Thousand California State Workers" (Ortiz, Sacramento Bee, 6/15).
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