Staff outlines retirement contribution rate changes effective July 1, 2026
Actuarial recommendations presented by staff show a roughly 1-percentage-point reduction in several employer contribution rates and targeted employee share adjustments; public safety and hybrid plan details were explained and commissioners were asked to consider increasing the county 401(k) match from 2.5% to 3%.
The full story
A county presenter summarized actuarial recommendations from URS and detailed proposed changes to retirement contribution rates to take effect July 1, 2026. The presenter said tier 1 employer rates (for employees hired before July 1, 2011) will reduce by about 1 percentage point and tier 2 employer contributions will also decrease by 1 percentage point. For rank-and-file employees in tier 2, the employee contribution would rise by 0.49 percentage points if they choose the hybrid option; deferred-comp-only participants' deferred contribution rate remains at 10%.
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