100 PERSI-Normal Contribution

Deduction Type:
 Retirement
 
Applicable Pay Group(s):
 01, 06, 20
 
Action/Form:
 Employer Deduction
 
Contact Information:
PERSI 800-451-8228
 
Tax Status:
Pre-Tax
 
State Option & Rate:
R1 = 11.32%
 
 
R2 = 11.66%
 
 
R3 = 11.32%
 
 
R4 = 11.32%
 
 
 
 
Employee Options & Rates:
R1 = 6.79%
 
 
R2 = 8.36%
 
 
R3 = 6.79%
 
 
R4 = 6.79%
 
NE
EMPLOYEE NOT ELIGIBLE
 
R1
PARTICIPATING REG RETIREMENT
 
R2
POLICE/FIRE
 
R3
TEACHER/PROFESSOR
 
R4
RECLASSED/FORMER RET IND = 2
 
 
Retirement is calculated unless the employee's 'Retirement Eligibility' = N.  Both the employee and employer pay into retirement each payroll.  Retirement is calculated by multiplying the Retirement Gross (Gross Pay plus Taxable Fringe) by the applicable rate.