State Patrol Retirement Plan - Contribution Rates

Minnesota law sets the contribution rates for the employer and employee. Contribution rates are a percentage of payroll.

Employee Contribution Rate 14.9% starting July 1, 2018
15.4% starting July 1, 2020
Employer Contribution Rate 22.35% starting July 1, 2018
23.10% starting July 1, 2019
Employer Supplemental Increase* 1.75% starting July 1, 2018
3.0% starting July 1, 2019
5.0% starting July 1, 2020
7.0% starting July 1, 2021

 

* The employer supplemental increase will cease upon attainment of 100% funding status or the end of the 30-year amortization period, whichever is earlier.