Employer contribution rates for the upcoming year are emailed to the main contact on record with LOPFI in June of the current year (i.e. results from the December-2022 valuation sent in the June-2023 valuation summary and reflect the 2024 Employer Contribution rate).
Member contributions are to be withheld on a pre-tax basis and remitted by the employer. Rates depend on whether or not that service is also covered by social security through the Member’s LOPFI-covered employer. Member contribution rates are as follows:
- Benefit Program 1 (BP1): Police officers and firefighters that are covered by social security with their LOPFI-covered employer will contribute 3.5% of their gross monthly reportable pay. Police officers and firefighters that are not covered by social security with their LOPFI-covered employer will contribute 9.5% of their gross monthly reportable pay. All Member contributions are withheld on a pre-tax basis and remitted by the employer via the ERP.
- Benefit Program 2 (BP2): LOPFI Benefit Program 2 (BP2) is an optional Benefit Program that provides police officers and firefighters with an enhanced lifetime monthly benefit. Regardless of social security coverage with their LOPFI-covered employer, Member contributions are 9.5%. All Member contributions are withheld on a pre-tax basis and remitted by the employer via the ERP.
- Volunteer LOPFI Service: No Member contributions
See FAQ Administration: How do I withhold Member Contributions from payroll?