Section 39.26. – Salary-Related Contributions: Effective July 1, 2023, the Employer Contribution Rates for TSERS, CJRS, and LRS are adjusted. Please see the table below for the rates. It is our understanding that RSD will issue Retroactive Rate Adjustment invoices (either positive or negative) for the impact of the individual adjustments on each employer dating back to July 2023 service. Please note, the new law also includes budgeted employer contribution rates for the year beginning July 1, 2024 (in section 39.26.(c)), but those could still change before next year. View 2023 legislation here.
Rates effective July 1, 2023, through June 30, 2024
S.L. 2023-134 (House Bill 259), Section 39.26.(b)
TSERS General
|
Retirement
|
|
Retiree Health Benefit
|
|
Disability Income Plan
|
|
Death Benefit
|
|
Qualified Excess Benefit
|
| Total Rate 25.02% |
TSERS Law Enforcement
|
Retirement
|
|
Retiree Health Benefit
|
|
Disability Income Plan
|
|
Death Benefit
|
|
Supplemental Retirement^
|
|
Qualified Excess Benefit
|
| Total Rate 30.02% |
^The “Supplemental Retirement” contributions for State Law Enforcement Officers are paid to Empower for the NC 401(k) Plan.
UNC ORP
|
Retirement
|
|
Retiree Health Benefit
|
|
Disability Income Plan
|
| Total Rate 14.09% |
CJRS
|
Retirement
|
|
Retiree Health Benefit
|
| Total Rate 42.42% |
Legislative Ret. System
|
Retirement
|
|
Retiree Health Benefit
|
| Total Rate 27.79% |