ERS members ERS - teachers - contribute to Social Security - less than 20 years of service at 7/1/2012 5% 1% to 1.5% depending on years of service ERS teachers do not contribute to Social Security - less than 20 of service at 7% 3% to 3.5% – – 7/1/2012 depending on years of service ERS teachers more than 20 years of service on July 1, 2012 No DC plan contributions (ee – – and er) after July 1, 2015 MERS members MERS Public Safety members that do not contribute to Social Security 3% 3% MERS Public Safety members that also contribute to Social Security No DC plan participation MERS general ee’s that do not participate in Social Security have less than 20 of 3% to 3.5% – service at 7/1/2012 7% depending on years of service MERS general employees who contribute to Social Security and had less than 20 years 5% 1% to 1.5% – – of service on July 1, 2012 depending on years of service MERS general employees more than 20 of service on July 1, 2012 No DC plan contributions (ee – – and er) after July 1, 2015
ERS members ERS - teachers - contribute to Social Security - less than 20 years of service at 7/1/2012 5% 1% to 1.5% depending on years of service ERS – teachers – do not contribute to Social Security - less than 20 of service at 7/1/2012 7% 3% to 3.5% depending on years of service ERS – teachers – more than 20 years of service on July 1, 2012 No DC plan contributions (ee and er) after July 1, 2015 MERS members MERS Public Safety members that do not contribute to Social Security 3% 3% MERS Public Safety members that also contribute to Social Security No DC plan participation MERS general ee’s that do not participate in Social Security – have less than 20 of service at 7/1/2012 7% 3% to 3.5% depending on years of service MERS – general employees who contribute to Social Security – and had less than 20 years of service on July 1, 2012 5% 1% to 1.5% depending on years of service MERS – general employees – more than 20 of service on July 1, 2012 No DC plan contributions (ee and er) after July 1, 2015
2017_GASB_68_Note_Disclosures_ERS___Teachers.docx