Contribution rates are based on annual wages earned during "plan years," as indicated in the table below.
Salary |
Contribution Rate |
$45,000 and less |
3.00% |
More than $45,000 to $55,000 |
3.50% |
More than $55,000 to $75,000 |
4.50% |
More than $75,000 to $100,000 |
5.75% |
More than $100,000 |
6.00% |
A plan year is defined as the period of time from January 1 to December 31. (Prior to January 2017, plan years began April 1 and ended March 31.) QPP contribution rates are subject to change as of January 1, the start of the new plan year. If TRS determines that a rate change is required, we will notify you in advance; contribution rate changes take effect on the first available payroll in January. If TRS does not notify you, your contribution rate would remain the same for the next plan year.