Fiscal Year 2019
CERS Nonhazardous: 21.48%
CERS Hazardous: 35.34%
These new employer contribution rates have just been released by KRS. These rates will factor into your county budgets, due May 1st to fiscal courts. These "phase-in" rates couldn't be finalized until after the veto period was over due to the uncertainty of which bills would be vetoed by the governor, specifically HB 487 (tax bill fix) and HB 265 (coal severance fix). Neither of these bills were vetoed.
One of KACo's main priorities all session was the pension phase-in. House Bill 362, which was delivered to the Secretary of State April 14th, allows for this much needed pension phase-in for CERS employers. This bill caps the increase of the CERS employer contribution rate at 12% per year for a period of 10 years.
Without the passage of the Phase-In Bill, this rate would have been 28.05% for nonhazardous and 47.86% for hazardous, so the phase-in rate will give counties some financial relief. Last year's CERS rates were 19.18% for nonhazardous and 31.55% for hazardous.