Correctional Plan Update: Multiplier and Contribution Rate Increase

The Correctional Plan multiplier will increase from 1.9% to 2.2% for any service credit earned on or after July 1, 2025. The multiplier for service earned before July 1, 2025 is 1.9%.

Contribution rates will also increase starting July 1, 2025:

• Members will contribute 6.83%.
• Employers will contribute 10.25%.

The contribution rate increase only impacts active employees contributing to the plan on or after July 1, 2025. The increase does not impact members already receiving benefits from the plan or members who terminated employment and deferred their benefit.