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ACTIVE EMPLOYEES - Tucson Supplemental Retirement System

Welcome to TSRS!

 

NEW!  Contribution Rate Changes Effective July 1, 2013

If you were hired July 1, 2006 or later, your contribution rate will decrease July 1, 2013:

Hire Date FY13 Contribution Rate FY14 Contrbution Rate
7/1/06 - 6/30/11 13.976% 6.715%
7/1/2011 - Present 13.976% 5.060%
  • The above rates are in effect through June 30, 2014
  • Rates are variable and will likely change July 1, 2014
  • Employees hired prior to July 1, 2006 have no rate change

The following example* shows how the rate would impact an employee making $15.31/hour (roughly $32,000 annually):

  Current (FY13) FY14 (Estimated)
  Hired 7/1/06 - Present Hired 7/1/06 - 6/30/11 Hired 7/1/11 - Present
Gross Pay $1,224.80 $1,224.80 $1,224.80
TSRS Rate 13.976% 6.715% 5.060%
TSRS Contribution $171.18 $82.25 $61.97
Taxable Income $1,053.62 $1,142.55 $1,162.83
Federal Tax $131.70 $142.82 $145.35
State Tax $28.45 $30.85 $31.40
Net Pay $893.47 $968.88 $986.08
Change to Take Home Pay + $75.41 + $92.61

*Example assumes 80 hours per pay period, 12.5% federal tax and 2.70% AZ state tax.  It does not incorporate any other deductions (such as insurance or union dues). 

 

Plan Information

January 2014 TSRS Plan Summary

TSRS Frequently Asked Questions (FAQs)

TSRS Contribution Rates 2002 - 2013

Can I Purchase Service?

 

For most people, your pension may not be enough.  To help employees save for retirement, the City offers voluntary, tax-deferred Deferred Compensation