Welcome to TSRS!
If you were hired July 1, 2006 or later, your contribution rate will increase July 1, 2015:
|Hire Date||FY19 Contribution Rate||FY20 Contribution Rate|
|7/1/06 - 6/30/11||6.75%||6.75%|
|7/1/2011 - Present||5.25%||5.25%|
- Rates are variable and will likely change annually with payroll's beginning in the new fiscal year.
- Employees hired prior to July 1, 2006 have no rate change.
For most people, your pension may not be enough. To help employees save for retirement, the City offers voluntary, tax-deferred Deferred Compensation.