Greetings;
We have received the Benefits rate adjustments for Fiscal 2015-16 for immediate installation.

This update will change the following:
Covered Compensation Limit for FY 15/16 (2015 rates).
     FYTD Retirement Max (prior to July 1, 1994) $395,000.00
     FYTD Retirement Max $265,000.00
PERS Employer Contribution Rate of 25.15%
PERS FICA Employer Contribution Rate of 25.15%.
Other Post employment Benefits Rate (OPEB) for FY 15/16.
     OPEB rate for FY15/16 is $2.98.
     Benefit Admin Rate remains at $0.17 for FY 15/16
CalPERS 1959 Survivor Benefit Rate is now 5.20 from 5.5.
UCRP Supplemental Assessment Rate of 0.60%.

We plan to apply these rates tomorrow evening.  As these are annual rate changes you have no actions you need to take.

As always if you have questions, comments or concerns please let us know.

Thanks!