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FINANCIAL POLICIES & PROCEDURES - RATES <br />FY11 EMPLOYEE FRINGE BENEFITS RATES (Excluding Health Benefit Charges) <br />REGULAR EMPLOYEES <br />The 2003 State Legislature approved changes to the Public Employee Retirement System that effectively <br />created two retirement systems: PERS and OPSRP. Most employees hired after January 1, 2004, are <br />enrolled in the OPSRP system. The rates listed below are used by the system to calculate benefits for <br />regular part-time and full-time employees. The rates below include the 6% pickup on all retirement system <br />eligible employees, as well as the City’s 5.5% pension bond payment. The budget system defaults to the <br />OPSRP rate for all vacant positions. <br />When estimating future year position costs, remember to add health benefit charges to these fringe rates. <br />Unit/Class PERS/OPSRP MEDICARE FICA LTD LIFE Total <br /> <br />AFSCME-PERS 22.07% 1.45% 6.20% 0.53% 0.27% 30.52% <br />AFSCME-OPSRP 20.17% 1.45% 6.20% 0.53% 0.27% 28.62% <br /> <br />Non-Rep-PERS 22.07% 1.45% 6.20% 0.30% 0.27% 30.29% <br />Non-Rep OPSRP 20.17% 1.45% 6.20% 0.30% 0.27% 28.39% <br /> <br />EPEA-PERS 22.07% 1.45% 6.20% 0.30% 0.54% 30.56% <br />EPEA-OPSRP <br /> -Sworn 22.88% 1.45% 6.20% 0.30% 0.54% 31.37% <br /> -Non-sworn 20.17% 1.45% 6.20% 0.30% 0.54% 28.66% <br /> <br />* <br />IAFF-PERS 22.07% 1.45% 6.20% 0.60% 0.27% 30.59% <br />* <br />IAFF-OPSRP <br /> -Sworn 22.88% 1.45% 6.20% 0.60% 0.27% 31.40% <br /> -Non-sworn 20.17% 1.45% 6.20% 0.60% 0.27% 28.69% <br /> <br /> <br />