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NEWS

Retirement Contribution Rates Increase Effective July 1, 2014

Posted: 6/20/2014 Tags: pension policy Tags Views: 1704 Print:

Per a memo from CalHR, retirement contribution rates will increase effective July 1, 2014, for certain state employees pursuant to the Public Employees' Reform Act of 2013 and CalPERS law. Click here to learn more about the required employee retirement contribution increases for excluded, exempt, and represented employees by retirement category.

Departmental personnel offices are not required to take any action. The State Controller's office (SCO) will process a mass update to capture employee retirement contribution changes.




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