Pension Contributions FAQ's

This document addresses Frequently Asked Questions regarding Pension Contributions.

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Effective January 1, 1993, employee pension contributions are deducted from pay as pre-tax dollars.

Here is the breakdown of pension contributions by plan:

State Employees’ Pension Plan

State Employee: 3% of annual creditable compensation in excess of $6,000
Correctional/Specified Peace Officer: 7% of annual creditable compensation
9-1-1 Operator: 5% of annual creditable compensation in excess of $6,000

State Employee: 5% of annual creditable compensation in excess of $6,000
Correctional/Specified Peace Officer: 7% of annual creditable compensation
9-1-1 Operator: 7% of annual creditable compensation in excess of $6,000

State Police Pension Plan

7% of annual creditable compensation

State Judiciary Pension Plan

Contribute for the first 24 years only, 3% of annual creditable compensation in excess of $6,000 up to the Social Security wage base, and 5% of total compensation in excess of the Social Security wage base

Contribute for the first 24 years only, 5% of annual creditable compensation in excess of $6,000

County Municipal General Pension Plan

3% of annual creditable compensation in excess of $6,000

County Municipal Police/Fire Pension Plan

7% of annual creditable compensation

For more information, please see State Employees’ Pension Summary Plan Description, pg.8.

The amount of pension contributions paid into the pension plan by your employer depends on the pension plan you are enrolled in. The employer rates are subject to change every fiscal year. For further information, please contact the Pension Office.

No, you can only withdraw the employee pension contributions plus interest.

Yes, but you must repay the contributions and interest withdrawn, plus applicable penalty interest, and, if not vested, you must work for five (5) consecutive years in a pension creditable position.

Members cannot contribute additional contributions to their pension plan.

Active and vested members are unable to borrow against or take a loan from pension contributions and interest earned.

Pension Contributions FAQ's

Virtual
SEPP Pre-Retirement Workshop

Government and Services

Pension Contributions FAQ's

What do I contribute to my pension?

What does my employer contribute to my pension?

If I leave State employment, can I also withdraw the employer pension contributions?

If I leave State employment, withdraw my contributions, and subsequently return to State employment, can I have my pension credit restored?

What restrictions exist?

Virtual SEPP Pre-Retirement Workshop

Government and Services

Virtual
SEPP Pre-Retirement Workshop