Email 11-022, New Contribution Rates for TRS, SERS, PERS and PSERS

  • Notice No.: 11-022
  • Date: July 22, 2011
  • Applies to: All Employers
  • Subject: Email 11-022, New Contribution Rates for TRS, SERS, PERS and PSERS

Pension Contribution Rate Changes

***Please see E-mail 11-024 for correct TRS and SERS rates***

New contribution rates for the Teachers’ Retirement System (TRS) and the School Employees’ Retirement System (SERS) 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 calculated supplemental rate changes based on the cost of additional pension related legislation passed during the 2011 legislative session. The chart below incorporates these changes to TRS, SERS, the Public Employees’ Retirement System (PERS), and the Public Safety Employees’ Retirement System (PSERS) to fund the following legislation:

Bill Description
SHB 2021 Eliminating the Plan 1 Annual Adjustment for Certain PERS and TRS Retirees
ESHB 1981 Retire/Rehire and Higher Education Retirement Plans Reform
HB 2070 Determining Average Salary for the Pension Purposes of Public Employees

Note: The Law Enforcement Officers’ and Fire Fighters’ (LEOFF) Plan 2 Board is considering adopting supplemental rate changes, which could be effective September 1, 2011. If the Board chooses to change their rates, we will send you an additional email prior to the effective date.

If 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 September 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 4.64% 0.0464
Employer Contribution Rate 7.25% 0.0725 7.25%* 0.0725*
PERS State Government Elected Officials Percent Rate Percent Rate
Member Contribution Rate 7.50% 0.0750 4.64% 0.0464
Employer Contribution Rate 10.80% 0.1080 7.25%* 0.0725*
PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges Percent Rate Percent Rate
Member Contribution Rate 9.76% 0.0976 9.10% 0.0910
Employer Contribution Rate 9.75% 0.0975 9.75%* 0.0975*
PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges Percent Rate Percent Rate
Member Contribution Rate 12.26% 0.1226 11.60% 0.1160
Employer Contribution Rate 7.25% 0.0725 7.25%* 0.0725*
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 8.86% 0.0886
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
Teachers Retirement System (TRS) Percent Rate Percent Rate
Member Contribution Rate 6.00% 0.0600 3.37% 0.0337
Employer Contribution Rate 8.04% 0.0804 8.04%* 0.0804*
TRS State Government Elected Officials Percent Rate Percent Rate
Member Contribution Rate 7.50% 0.0750 3.37% 0.0337
Employer Contribution Rate 8.04% 0.0804 8.04%* 0.0804*
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 8.04% 0.0804 NA NA
School Employees’ Retirement System (SERS) Percent Rate Percent Rate
Member Contribution Rate NA NA 3.16% 0.0316
Employer Contribution Rate NA NA 7.59%* 0.0759*

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

Communications