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Contribution Rates
Employees and their employers contribute to IPERS a set percentage of employees' wages. Benefits are funded entirely by contributions plus investment income.
Membership Group | Member Share | Employer Share | Total |
|---|---|---|---|
Regular 7/1/18 – 6/30/19 and 7/1/19 – 6/30/20 | 6.29% | 9.44% | 15.73% |
Sheriffs and Deputies 7/1/18 – 6/30/19 7/1/19 – 6/30/20 | 9.76% 9.51% | 9.76% 9.51% | 19.52% 19.02% |
Protection Occupations 7/1/18 – 6/30/19 7/1/19 – 6/30/20 | 6.81% 6.61% | 10.21% 9.91% | 17.02% 16.52% |
IPERS' Contribution Rate Funding Policy and an annual actuarial valuation are used to determine rates. See more information on the Valuations page.
Contribution Rate History
History of contribution rates and wage maximums, categorized by occupation code
Calendar Year Wage Ceiling
The IRS sets a maximum wage amount that can be covered by IPERS. Wages above this ceiling are not subject to IPERS withholding, and employers do not include them on IPERS reports. IPERS monitors covered wages for members with multiple employers. IPERS accepts all covered wages until a member has reached the IRS limit and will notify employers who report wages over the limit. IPERS will then return any excess contributions.
- The calendar year 2018 wage ceiling is $275,000.
- The calendar year 2019 wage ceiling is $280,000.