Unfunded Liabilities - City of Moreno Valley
Unfunded Liabilities - City of Moreno Valley
Unfunded Liabilities - City of Moreno Valley
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CalPERS Contribution Rate History<br />
Fiscal Year<br />
Employer<br />
Normal Cost<br />
<strong>Unfunded</strong><br />
Rate<br />
Total Employer<br />
Contribution<br />
Rate<br />
Change in<br />
Percentage<br />
Percent<br />
Increase<br />
Employee<br />
Contribution<br />
Rate *<br />
FY 2005-06 8.52% 1.57% 10.09% 7.00%<br />
FY 2006-07 8.60% 1.89% 10.49% 0.40% 4.0% 8.00%<br />
FY 2007-08 10.80% 4.27% 15.07% 4.58% 43.7% 8.00%<br />
FY 2008-09 10.83% 4.07% 14.90% -0.17% -1.1% 8.00%<br />
FY 2009-10 10.85% 4.12% 14.97% 0.07% 0.5% 8.00%<br />
FY 2010-11 10.95% 4.56% 15.51% 0.54% 3.6% 8.00%<br />
FY 2011-12 11.11% 8.24% 19.35% 3.84% 24.8% 8.00%<br />
FY 2012-13 10.73% 10.11% 20.85% 1.50% 7.7% 8.00%<br />
FY 2013-14 11.63% 10.67% 22.31% 1.46% 7.0% 8.00%<br />
Note: Tier 3 retirement benefit effective Sept 30, 2011 – employee contribution rate is 7%<br />
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