Employers
DRS Notice
- Notice No.: 09-011
- Date: July 21, 2009
- Applies to: PERS, PSERS, SERS, WSPRS Employers
- Subject: **NEW** Contribution Rate Changes for PERS, PSERS, SERS, and WSPRS
Supplemental Pension Contribution Rate Changes
New contribution rates are presented in the charts below and are effective September 1, 2009. These new supplemental rates are calculated by the Office of the State Actuary and are due to the cost of pension related legislation passed during the 2009 Legislative Session. Only those systems and plans that have a change in their rates are listed.
The following legislation created the supplemental rate increases:
| Bill | Description |
|---|---|
| SB6157 | Calculating compensation for public retirement purposes during the 2009-2011 fiscal biennium. |
| E2SSB 5688 | Expanding the rights and responsibilities of state registered domestic partners. |
| ESHB 1445 | Providing benefits to domestic partners under the Washington State Patrol retirement system. |
| Contribution Rates Effective September 1, 2009 (Employer rates include 0.16% DRS administrative expense rate) |
||||
|---|---|---|---|---|
| Plan 1 | Plan 2 | |||
| Percent | Rate | Percent | Rate | |
| Public Employees Retirement System (PERS) | ||||
| Member Contribution Rate | – | – | 3.90% | 0.0390 |
| Employer Contribution Rate | 5.31% | 0.0531 | 5.31%* | 0.0531* |
| PERS State Government Elected Officials | ||||
| Member Contribution Rate | – | – | 3.90% | 0.0390 |
| Employer Contribution Rate | 7.89% | 0.0789 | 5.31%* | 0.0531* |
| PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges |
||||
| Member Contribution Rate | – | – | 7.25% | 0.0725 |
| Employer Contribution Rate | 7.81% | 0.0781 | 7.81%* | 0.0781* |
| PERS JBM Counties and Cities - District Court Judges and Municipal Court Judges |
||||
| Member Contribution Rate | – | – | 9.75% | 0.0975 |
| Employer Contribution Rate | 5.31% | 0.0531 | 5.31%* | 0.0531* |
| Public Safety Employees Retirement System (PSERS) | ||||
| Employer Contribution Rate | NA | NA | 7.85% | 0.0785 |
| School Employees Retirement System (SERS) | ||||
| Member Contribution Rate | – | – | 3.15% | 0.0315 |
| Employer Contribution Rate | – | – | 5.45%* | 0.0545* |
| Washington State Patrol Retirement System (WSPRS) | ||||
| Member Contribution Rate | 5.08% | 0.0508 | 5.08% | 0.0508 |
| Employer Contribution Rate | 6.56% | 0.0656 | 6.56% | 0.0656 |
*Employer rates for Plan 3 are the same as for Plan 2.
Questions?
If you have any questions regarding this DRS Notice, please contact Employer Support Services at (360) 664-7200, option 2, or 1-800-547-6657, option 6, option 2; or email us.
George Pickett
Assistant Director of Administrative Services