DRS Email 17-015, Contribution Rate Changes for PSERS, SERS, TRS and WSPRS

  • Notice No.: 17-015
  • Date: July 27, 2017
  • Applies to: All Employers
  • Subject: DRS Email 17-015, Contribution Rate Changes for PSERS, SERS, TRS and WSPRS

Pension Contribution Rates

The contribution rates are presented in the charts below and are effective Sept. 1, 2017

The Office of the State Actuary (OSA) calculated a supplemental rate change for WSPRS based on the cost of SB 5274 – Salary Definition Overtime that passed during the 2017 legislative session.

A supplemental rate change for PSERS was also calculated based on the cost of HB 1709 – Retirement System Service Credit –Certain Employees – PERS to PSERS transfer that passed during the 2017 legislative session.

If 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.

 

Contribution Rates Effective 9/1/2017 
(Employer rates include 0.18% DRS administrative expense rate)
  Plan 1 Plan 2
Public Safety Employees’ Retirement System (PSERS) Percent Rate Percent Rate
• Member Contribution Rate NA NA 6.74% 0.0674
• Employer Contribution Rate NA NA 11.95% 0.1195
School Employees’ Retirement System (SERS) Percent Rate Percent Rate
• Member Contribution Rate NA NA 7.27% 0.0727
• Employer Contribution Rate NA
NA
13.48%* 0.1348*
Teachers' Retirement System (TRS) Percent Rate Percent Rate
• Member Contribution Rate 6.00% 0.0600 7.06% 0.0706
• Employer Contribution Rate 15.20% 0.1520 15.20%* 0.1520*
TRS State Government Elected Officials Percent Rate Percent Rate
• Member Contribution Rate 7.50% 0.0750 7.06% 0.0706
• Employer Contribution Rate 15.20% 0.1520 15.20%* 0.1520*
TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges Percent Rate Percent Rate
• Member Contribution Rate 9.76% 0.0976 NA NA
• Employer Contribution Rate 15.20% 0.1520 NA NA
Washington State Patrol Retirement System (WSPRS) Percent Rate Percent Rate
• Member Contribution Rate 7.68% 0.0768 7.68% 0.0768
• Employer Contribution Rate 13.33% 0.1333 13.33% 0.1333

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

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