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UC Payroll Release Distribution Notes

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Subject:	Notification of update - R2232 - Fiscal Year 2016-2017 Benefits Rate Adjustments
From:	Christopher Scott <[log in to unmask]>
Reply To:	UC Payroll Release Distribution Notes <[log in to unmask]>
Date:	Thu, 30 Jun 2016 14:54:27 -0700
Content-Type:	text/plain
Parts/Attachments:	text/plain (14 lines)

Greetings;
We have received the annual updates for new fiscal year benefit rates.  We are planning to install these on 7/6, prior to any BW computes.

The release contains the following:
Adjust the PERS Employer Contribution Rate to 26.728 %
Adjust the PERS FICA Employer Contribution Rate to 26.728 %
Adjust the OPEB rate to 2.93.
Adjust the UCRP Supplemental Assessment Rate to 1.19.
Adjust the CalPERS 1959 Survivor Benefit Rate to 5.15.

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

Thanks!

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