Retirement Worksheet

Provided for: March 16, 2026 - Special Meeting: Budget Workshop

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Estimated Contributions for Retirement
Retirement Tier 2026 Estimated Salary 2026 Estimated Retirement Contribution Rate 2026 Estimated Retirement Contributions 2027 Estimated Salary (+3%) 2027 Estimated Retirement Contribution Rate 2027 Estimated Retirement Contribution
Tier 1
(1 Estimated Employees)
$105,701.00 25.50% $26,848.05 $108,872.03 28.00% $30,484.17
Tier 4
(21 Estimated Employees)
$1,291,918.93 19.60% $253,216.11 $1,330,676.50 21.40% $284,764.77
Tier 5
(2 Estimated Employees)
$158,793.82 16.60% $26,359.77 $163,557.63 18.40% $30,094.60
Tier 6
(23 Estimated Employees)
$924,092.76 12.90% $119,207.97 $951,815.54 13.90% $132,302.36
$2,480,506.51 $425,631.90 $2,554,921.71 $477,645.90

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