DRS Email 11-014, Contribution Rate Changes
- Notice No.: 11-014
- Date: May 31, 2011
- Applies to: All Employers
- Subject: DRS Email 11-014, Contribution Rate Changes
Pension Contribution Rate Changes
New contribution rates effective July 1, 2011 are presented in the chart below. (Changes are noted in bold.) These changes are the result of increases in the basic employer and member rates adopted by the Pension Funding Council and pension bills passed during the 2011 legislative session.
The Office of the State Actuary calculates supplemental rates based on the cost of additional pension related legislation passed during the 2011 legislative session. Contribution rates for the Teachers' Retirement System (TRS), the School Employees' Retirement System (SERS) and any supplemental rate changes are effective September 1, 2011. DRS will notify you as soon as the information becomes available.
Should you have questions, please reply to this notice or call Employer Support Services at 360-664-7200 (option 2) or 1-800-547-6657 (option 6 then option 2).
| Contribution Rates Effective July 1, 2011 (Employer rates include 0.16% DRS administrative expense rate) |
||||
|---|---|---|---|---|
| Plan 1 | Plan 2 | |||
| Public Employees' Retirement System (PERS) | Percent | Rate | Percent | Rate |
| Member Contribution Rate | 6.00% | 0.0600 | 4.59% | 0.0459 |
| Employer Contribution Rate | 7.07% | 0.0707 | 7.07%* | 0.0707* |
| PERS State Government Elected Officials | Percent | Rate | Percent | Rate |
| Member Contribution Rate | 7.50% | 0.0750 | 4.59% | 0.0459 |
| Employer Contribution Rate | 10.53% | 0.1053 | 7.07%* | 0.0707* |
| PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges | Percent | Rate | Percent | Rate |
| Member Contribution Rate | 9.76% | 0.0976 | 8.98% | 0.0898 |
| Employer Contribution Rate | 9.57% | 0.0957 | 9.57%* | 0.0957* |
| PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges | Percent | Rate | Percent | Rate |
| Member Contribution Rate | 12.26% | 0.1226 | 11.48% | 0.1148 |
| Employer Contribution Rate | 7.07% | 0.0707 | 7.07%* | 0.0707* |
| Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF) | ||||
| Cities, Counties, Fire Districts, etc. | Percent | Rate | Percent | Rate |
| Member Contribution Rate | 0.00% | 0.0000 | 8.46% | 0.0846 |
| Employer Contribution Rate | 0.16% | 0.0016 | 5.24% | 0.0524 |
| State Contribution Rate | 0.00% | 0.0000 | 3.38% | 0.0338 |
| Ports and Universities | Percent | Rate | Percent | Rate |
| Member Contribution Rate | NA | NA | 8.46% | 0.0846 |
| Employer Contribution Rate | NA | NA | 8.62% | 0.0862 |
| Public Safety Employees Retirement System (PSERS) | Percent | Rate | Percent | Rate |
| Member Contribution Rate | NA | NA | 6.36% | 0.0636 |
| Employer Contribution Rate | NA | NA | 8.73% | 0.0873 |
| Washington State Patrol Retirement System (WSPRS) | Percent | Rate | Percent | Rate |
| Member Contribution Rate | 6.59% | 0.0659 | 6.59% | 0.0659 |
| Employer Contribution Rate | 8.07% | 0.0807 | 8.07% | 0.0807 |
*Employer rates for Plan 3 are the same as for Plan 2.