Contribution Rate Increases for Correctional Plan
March 6, 2025
As part of the legislation passed during the 2024 session,
- Employer contributions for the Correctional Plan will increase 1.5%, from 8.75% to 10.25%
- Employee contributions for the Correctional Plan will increase by 1%, from 5.83% to 6.83%
It is important to update your payroll systems before July 1, 2025, to correctly apply the new Correctional Plan contribution rates to all pay issued on or after July 1, 2025, regardless of the associated pay period dates. These are the only contribution rate increases set to take effect in 2025; rates for the General (Coordinated), Police & Fire, and Defined Contribution Plans will not change.