BOTTOM LINE: Senate Bill 200’s DC Option with DC Supplemental will cost employers an additional 6% – 9% for each employee choosing it.
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Below are how the PERA and the Governor plans compared to each other. Learn more about the PERA Board proposal and the Governor proposal here.
Click here for an excel version of this chart with additional details. Impacts Division(s) Currently SB 200 PERA Board Proposal Statutory Employer Contributions Overall +2% 1% (7/1/2018) 1% 7/1/2019) +2% (7/1/2020) Active Employee Contributions Overall +3% .5% increase (7/1/2018) .5% increase (1/1/2019) 1% increase (7/1/2019) 1% increase (1/1/2020) +3% New Employee Contributions Overall +3% .5% […]