Employers contributing to the County Employees Retirement System (CERS) will pay a lower rate next fiscal year.
The CERS Board of Trustees voted unanimously at its Dec. 2 meeting to approve an employer contribution rate of 18.62% for CERS nonhazardous employees for FY 2026, down 1.09 percentage points from the current contribution rate of 19.71%.
The rate will also decrease for CERS hazardous duty members. The FY 2026 rate will be 35.73%, down 2.88 percentage points from the current rate of 38.61%.
The FY 2026 rates will take effect on July 1, 2025.
The ability to lower rates was attributed to an increase in active CERS membership and payroll in the system combined with investment returns exceeding the assumed rate of return.
View meeting materials here.
View the recording of the Dec. 2 meeting here.
