Memorandum

To: Deans, Directors, and Department Heads
From:

Barbara Moses
Associate Vice Chancellor
Subject: Employer Retirement and Health Benefit Rates for FY2018-19
Date: August 24, 2018

Session Law 2017-57 approved June 28, 2017, set retirement rates and State Health Plan rates for FY18 and FY19.  However, Session Law 2018-5 approved June 12, 2018, revised the FY19 retirement rates.  For budgeting and planning purposes, please be advised of the current employer retirement and health benefit rates for FY19.

Rate       

TSERS Retirement                                 18.86%

ORP Retirement                                     13.25%

LEO Retirement                                     23.86%

State Health Plan                                   $6,104

 

If you have any questions concerning these rates, please contact me at 513-1263.

 

 

cc:  W. Randolph Woodson, Chancellor

Warwick A. Arden, Executive Vice Chancellor and Provost

Alan Rebar, Vice Chancellor, Research and Innovation

Scott R. Douglass, Vice Chancellor, Finance and Administration

Marie Y. Williams, Associate Vice Chancellor, Human Resources

Mary Peloquin-Dodd, Associate Vice Chancellor, Finance and University Treasurer

Heidi Kozlowski, Interim Controller

Sharon Wright, HR Systems Data and Reporting Analyst