DRS E-mail 10-012, SERS Supplemental Rates for 2010

  • Notice No.: 10-012
  • Date: July 15, 2010
  • Applies to: SERS Employers
  • Subject: E-mail 10-012, SERS Supplemental Rates for 2010

Supplemental Pension Contribution Rate Changes

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.

The following supplemental rate increased to fund the Domestic Partners bill, E2SSB 5688 from the 2009 Legislative Session. This bill was originally effective 90 days after the 2009 Legislative Session but had a pending referendum. The referendum did not pass and therefore effective September 1, 2010 the supplemental rate increase will be implemented.

Contribution Rates Effective September 1, 2010
(Employer rates include 0.16% DRS administrative expense rate)
  Plan 1 Plan 2
School Employees' Retirement System (SERS) Percent Rate
Member Contribution Rate N/A N/A 3.15% 0.0315
Employer Contribution Rate N/A N/A 5.45%* 0.0545*

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

Questions

Should you have questions, please reply to this notice or call Employer Support Services at 360-664-7200 (press option 2) or 1-800-547-6657 (press option 6 then option 2).

George Pickett
Assistant Director of Administrative Services

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