Contributions

You and your employer make all contributions to the plans (with the exceptions noted below). The amount of these contributions will be the same for each plan. You will contribute 3% of your salary each month.

FRS Pension Plan

FRS Investment Plan

You and your employer make contributions each month to the Pension Plan trust fund based on a percent of your salary and your FRS membership class, according to the following table.

Employment Class July 1, 2012 Rate
  Employee Employer
Regular 3% 4.04%
Special Risk 3% 13.76
Special Risk Administrative Support 3% 4.77%
Elected Officers:
Legislators 3% 7.39%
Governor, Lt. Governor, Cabinet Officers 3% 7.39%
State Attorney, Public Defenders 3% 7.39%
Justices, Judges 3% 10.79%
County & Local Elected Officers 3% 9.09%
Senior Management Service 3% 5.16%
DROP participants 0% 4.33%


It's important to note that the total contribution rate does not affect your retirement benefit. Your retirement benefit is set by a formula that does not include the contribution rate paid by you and your employer.

Employee contributions of 3% are required of all FRS Pension Plan and Investment Plan members, except those in DROP who do not pay. Employee contributions are deposited in the FRS trust fund, along with any contributions you may have paid for a leave of absence or other type of service for which you may have paid contributions.

All employee and employer contributions go into a single trust fund to pay benefits for all FRS Pension Plan participants.

Contribution percentage amounts are subject to change each year based on legislative law changes, investment experience and the actuarial experience of the trust fund. However, the rise and fall of the contribution percentages does not affect your accrued retirement benefit, which is guaranteed by law.

Your employer also contributes additional amounts each month to fund the Health Insurance Subsidy benefit (1.11%) and plan administrative and educational expenses (0.03%).
You and your employer make contributions each month based on a percentage of your gross salary and your FRS membership class. The contribution (blended rate) percentage paid by you and your employer is the same whether you participate in the Pension Plan or the Investment Plan. These rates are shown under the Pension Plan column.

After you and your employer pay the contribution percentage shown under the Pension Plan column, an amount represented by the contribution rates shown below will be made to your Investment Plan account.

Employment Class July 1, 2012
  Employee Employer
Regular 3% 3.30%
Special Risk 3% 11.00%
Special Risk Administrative Support 3% 4.95%
Elected Officers:
Legislators 3% 6.38%
Governor, Lt. Governor, Cabinet Officers 3% 6.38%
State Attorney, Public Defenders 3% 6.38%
Justices, Judges 3% 10.23%
County & Local Elected Officers 3% 8.34%
Senior Management Service 3% 4.67%


These contributions go into your FRS Investment Plan account. These contribution rates do affect your benefit as they are the primary funding for your account balance, particularly earlier in your career. The longer you're in the Investment Plan the more important investment earnings become, relative to contributions.

Contribution rates are fixed by law and can be changed by a future act of the Legislature.

Your employer also contributes additional amounts each month to fund the Health Insurance Subsidy benefit (1.11%), the Investment Plan disability program (contribution varies depending on membership class from 0.25% to 1.33%), and plan administrative and educational expenses (0.03%).
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