Date: June 27, 2014
To: Rutgers Employees Enrolled in Public Employees’ Retirement System (PERS)
From: Vivian Fernández
Vice President for Faculty & Staff Resources
Re: Employee Pension Contribution Increase for Members in the Public Employees Retirement System (PERS) Effective July 1, 2014

This is a reminder that effective July 1, 2014, your PERS employee pension contribution rate will increase from 6.78% to 6.92% of your base annual salary.  This increase will be reflected in your paycheck dated July 3, 2014.

In 2011, Governor Christie signed Chapter 78, P.L. 2011 into law, resulting in the establishment of a phased-in increase to the employee PERS pension contribution, commencing on July 1, 2011 and ending on July 1, 2018, when the employee pre-tax pension contribution rate for members of the PERS system will reach 7.5% of base annual salary. 

If you have any questions regarding this change, please contact a Benefits Specialist at (848) 932-3990 or via email at benefits@hr.rutgers.edu.