Employers
DRS NOTICE
- Email No.: 07-018
- To: LEOFF Employers
- Sent: July 27, 2007
- Subject: LEOFF Plan 2 Contribution Rate Changes
Pension Contribution Rate Changes
The Law Enforcement Officers' and Fire Fighters'(LEOFF) Plan 2 Board adopted supplemental rate changes in support of Engrossed Substitute House Bill 1833 which passed the 2007 legislative session. New contribution rates are presented in the chart below and are effective September 1, 2007.
| Contribution Rates Effective September 1, 2007 (Employer rates include 0.16% DRS administrative expense rate) |
||
|---|---|---|
| Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF) | ||
| Plan 2 | ||
| Cities, Counties, Fire Districts, etc. | Percent | Rate |
| Member Contribution Rate | 8.64% | 0.0864 |
| Employer Contribution Rate | 5.35% | 0.0535 |
| State Contribution Rate | 3.45% | 0.0345 |
| Ports and Universities | ||
| Member Contribution Rate | 8.64% | 0.0864 |
| Employer Contribution Rate | 8.80% | 0.0880 |
Announcements for Employers
For your employee communications on the new retirement contribution rates, refer members to the DRS Member Site under Hot Topics.
Questions?
Should you have questions regarding this DRS Notice, please contact Employer Support Services at (360) 664-7200, (press option 2) or 1-800-547-6657 (press option 6 then option 2) or email us.