New pension contribution rates
Gov. Jay Inslee has signed the state operating budget for the 2017-19 Biennium. No changes were made to the pension contribution rates previously adopted by the Pension Funding Council and transmitted in DRS Email 17-009. As previously noted, these rates are effective July 1, 2017.
The rates for SERS and TRS will change effective Sept. 1, and will be provided in a separate notice in late July.
The Office of the State Actuary calculated a supplemental rate change for WSPRS based on the cost of SB 5274 – Salary Definition Overtime that passed during the 2017 legislative session. The WSPRS rates will change again effective Sept. 1, and will also be provided in the July notice.
If you have any questions regarding this DRS Notice, please contact Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2; or email us.