DRSN 09-013, Contribution Rate Changes for SERS

DRS Notice

  • Notice No.: 09-013
  • Date: August 4, 2009
  • Applies to: SERS Employers
  • Subject: Contribution Rate Changes for SERS

ATTENTION SERS EMPLOYERS - SPECIAL RATE CHANGE FOR SERS

The supplemental rate notice sent to employers on July 21, 2009 included both employer and member costs for Engrossed Second Substitute Senate Bill (E2SSB) 5688, a bill expanding rights and responsibilities for state registered domestic partners. Since a referendum has been filed that may delay or nullify the implementation of this bill, DRS has decided not to begin collecting the rate until further notice.

The supplemental rate for Senate Bill 6157 is still applicable.

As a result, the rates for SERS members and employers are listed below.

Contribution Rates Effective September 1, 2009
(Employer rates include 0.16% DRS administrative expense rate)
  Plan 1 Plan 2
School Employees' Retirement System (SERS) Percent Rate Percent Rate
Member Contribution Rate N/A N/A 3.14% 0.0314
Employer Contribution Rate N/A N/A 5.44% 0.0544

*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

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