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S.C. Public Employee Benefit Authority

Retirement Benefits

Fiscal Year Contribution Rates

for Employers and Members

Form 1340

Revised 6/18/2018

SCRS, PORS, and ORP Rates

State Agencies, Public School Districts, Institutions of Higher Education, and Political Subdivisions who must pay the Retiree Insurance Surcharge, use the following rates.  In addition, pay the Incidental Death Benefit and Accidental Death Benefit (PORS only) premiums, if covered.

 

SCRS

FISCAL

YEAR

MEMBER

RATE

EMPLOYER BASE RATE

INSURANCE SURCHARGE

INCIDENTAL DEATH BENEFIT

COMBINED EMPLOYER RATE

2015

8.00%

10.75%

5.00%

0.15%

15.90%

2016

8.16%

10.91%

5.33%

0.15%

16.39%

2017

8.66%

11.41%

5.33%

0.15%

16.89%

2018

9.00%

13.41%

5.50%

0.15%

19.06%

2019

9.00%

14.41%

6.05%

0.15%

20.61%

 

PORS

FISCAL

YEAR

MEMBER

RATE

EMPLOYER BASE RATE

INSURANCE SURCHARGE

INCIDENTAL DEATH BENEFIT

ACCIDENTAL DEATH BENEFIT

COMBINED EMPLOYER RATE

2015

8.41%

13.01%

5.00%

0.20%

0.20%

18.41%

2016

8.74%

13.34%

5.33%

0.20%

0.20%

19.07%

2017

9.24%

13.84%

5.33%

0.20%

0.20%

19.57%

2018

9.75%

15.84%

5.50%

0.20%

0.20%

21.74%

2019

9.75%

16.84%

6.05%

0.20%

0.20%

23.29%

 

ORP

FISCAL

YEAR

MEMBER

RATE

EMPLOYER PORTION TO VENDOR *

EMPLOYER BASE RATE TO SCRS

INSURANCE SURCHARGE

INCIDENTAL DEATH BENEFIT

EMPLOYER CONTRIB DUE SCRS

TOTAL EMPLOYER RATE

2015

8.00%

5.00%

5.75%

5.00%

0.15%

10.90%

15.90%

2016

8.16%

5.00%

5.91%

5.33%

0.15%

11.39%

16.39%

2017

8.66%

5.00%

6.41%

5.33%

0.15%

11.89%

16.89%

2018

9.00%

5.00%

8.41%

5.50%

0.15%

14.06%

19.06%

2019

9.00%

5.00%

9.41%

6.05%

0.15%

15.61%

20.61%

*5.00% employer contribution goes to ORP member's account (remit to vendor).