New Member Contribution Rates For FY 2020

Date: Jul 01, 2019


IMPORTANT: These changes only apply to (1) City of San Diego Members and (2) Port Safety Members who were hired after January 1, 2013.
New Member contribution rates went into effect on July 1, 2019 for all City of San Diego Members, and for Port Safety Members hired after January 1, 2013.

If you fall into one of these categories, you can view your new contribution rates by going to “Retirement Plan Summaries” and clicking on your employer and date of hire. Most Members will only notice a minor adjustment on their first July paycheck.

These Member contributions are the mandatory pre-tax deductions on a Member’s biweekly paycheck that are deposited into the SDCERS Trust Fund, where they earn interest and eventually fund each Member’s individual pension. Contributions are calculated as a percentage of the Member’s pensionable salary. The percentage is determined according to the Member’s plan tier and age of entry into SDCERS. Contribution rates are adjusted by SDCERS’ Board as needed, based on actuarial assumptions and calculations provided by SDCERS’ actuary.  

Document Under Categories: Actuarial Valuations, Contribution Rates, News Articles