DRS Email 11-024, Contribution Rate Correction for TRS and SERS

  • Notice No.: 11-024
  • Date: August 3, 2011
  • Applies to: All Employers
  • Subject: DRS Email 11-024, Contribution Rate Correction for TRS and SERS

It has come to our attention that the member contribution rates for Plan 2 of the Teachers' Retirement System (TRS) and the School Employees' Retirement System (SERS) provided in DRS Email 11-022 were not correct.

The corrected Plan 2 member rates are listed in the chart below and are effective September 1, 2011. All other rates previously provided in DRS Email 11-022 have been confirmed and are correct.

We apologize for any inconvenience this may have caused. If you have any 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
Teachers Retirement System (TRS) Percent Rate Percent Rate
Member Contribution Rate 6.00% 0.0600 4.69% 0.0469
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 4.69% 0.0469
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 4.09% 0.0409
Employer Contribution Rate NA NA 7.59%* 0.0759*

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

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