MPSERS employees contribute according to the structure below:


This deduction is based on a graduated scale each fiscal year, July through June.

Effective July 1, 2011, the following rates apply depending on your benefit structure:

BASIC   0% (plus an additional 3%)

MIP FIXED   3.9% (plus an additional 3%)

MIP GRADED (plus an additional 3%)
Of the first $5,000 earned3% of wages is deducted
From $5,001 to $15,0003.6% of wages is deducted
On earnings over $15,0004.3% of wages is deducted

MIP PLUS   (plus an additional 3%)
Of the first $5,000 earned3% of wages is deducted
From $5,001 to $15,0003.6% of wages is deducted
On earnings over $15,0006.4% of wages is deducted

PENSION PLUS   (employees who become part of MPSERS July 1, 2010 or later)(plus an additional 3%)
Of the first $5,000 earned3% of wages is deducted
From $5,001 to $15,0003.6% of wages is deducted
On earnings over $15,0006.4% of wages is deducted

Effective September 1, 2010, in addition to the above pension plus deductions, there is a defined contribution amount of 2% of gross wages deducted.