DRS email 15-007 New Contribution Rates

  • Notice No.: 15-007
  • Date: May 29, 2015
  • Applies to: All Employers
  • Subject: DRS Email 15-007, Contribution Rate Changes for PERS, PSERS, and WSPRS

New Pension Contribution Rates

DRS is sending you this bulletin to provide notice of pending contribution rate changes in the pension systems noted above. These changes were adopted earlier this year by the Pension Funding Council.

Per standard practice, these rates are scheduled to begin on July 1 (the beginning of the new fiscal year). DRS is required to notify employers at least 30 days in advance of pending rate changes.

Please note, however, that there is an important qualification to this notice: The Legislature, which is currently meeting in a special session, has the authority to modify previously adopted contribution rates.

While we do not anticipate any legislative changes to the rates adopted by the Pension Funding Council and the LEOFF Plan 2 Board, we cannot predict what the Legislature will do. We’ve therefore decided to provide this advance notice of scheduled rate changes, with the caveat that they are subject to modification by the Legislature.

If there are any legislative changes to the rates, we will notify you as soon as possible after the Legislature adjourns.

The new contribution rates are presented in the chart below. Only those systems and plans that have a change in their rates are listed. The LEOFF Plan 2 Board did not make any changes to the LEOFF contribution rates.

Please note the rates for SERS and TRS will change effective September 1 and will be provided under a separate notice in late July.

Should you have questions, please reply to this notice or call Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2.

Current Contribution Rates Effective 7/1/2015
(Employer rates include 0.18% DRS administrative expense rate)
Current Contribution Rates Effective 7/1/2015
(Employer rates include 0.18% DRS administrative expense rate)
Plan 1 Plan 2
Public Employees’ Retirement System (PERS) Percent Rate Percent Rate
Member Contribution Rate 6.00% 0.0600 6.12% 0.0612
Employer Contribution Rate 11.18% 0.1118 11.18%* 0.1118*
PERS State Government Elected Officials
Member Contribution Rate 7.50% 0.0750 6.12% 0.0612
Employer Contribution Rate 16.68% 0.1668 11.18%* 0.1118*
PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges
Member Contribution Rate 9.76% 0.0976 12.80% 0.1280
Employer Contribution Rate 13.68% 0.1368 13.68%* 0.1368*
PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges
Member Contribution Rate 12.26% 0.1226 15.30% 0.1530
Employer Contribution Rate 11.18% 0.1118 11.18%* 0.1118*
Public Safety Employees’ Retirement System (PSERS) Percent Rate Percent Rate
Member Contribution Rate NA NA 6.59% 0.0659
Employer Contribution Rate NA NA 11.54% 0.1154
Washington State Patrol Retirement System (WSPRS) Percent Rate Percent Rate
Member Contribution Rate 6.69% 0.0669 6.69% 0.0669
Employer Contribution Rate 8.19% 0.0819 8.19 0.0819

*Employer rates for Plan 3 are the same as for Plan 2.

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