DRSN e08-011, Contribution Rate Changes

DRS Notice

  • Notice No.: e08-011
  • Date: June 3, 2008
  • Applies to: All Employers Employers
  • Subject: Contribution Rate Changes

Pension Contribution Rate Changes

New contribution rates (in bold font) are presented in the charts below and reflect the effective dates for each retirement system. Some rate changes are effective July 1, 2008, and others start September 1, 2008. 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 2007 and 2008 legislative sessions.

Announcement For Employees

Members can access the new rates on the DRS Member site under Hot Topics.


Contribution Rates Effective July 1, 2008
(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 5.45% 0.0545
Employer Contribution Rate 8.31% 0.0831 8.31%* 0.0831*
 
PERS State Government Elected Officials
Member Contribution Rate 7.50% 0.0750 5.45% 0.0545
Employer Contribution Rate 12.39% 0.1239 8.31%* 0.0831*
 
PERS JBM State Agencies – Supreme Court
Justices, Appeals and Superior Court Judges
Member Contribution Rate 9.76% 0.0976 11.13% 0.1113
Employer Contribution Rate 10.81% 0.1081 10.81%* 0.1081*
 
PERS JBM Counties & Cities – District
Court Judges & Municipal Court Judges
Member Contribution Rate 12.26% 0.1226 13.63% 0.1363
Employer Contribution Rate 8.31% 0.0831 8.31%* 0.0831*
 
Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF)
  Plan 1 Plan 2
Cities, Counties, Fire Districts, etc. Percent Rate Percent Rate
Member Contribution Rate 0.00% 0.0000 8.83% 0.0883
Employer Contribution Rate 0.16% 0.0016 5.46% 0.0546
State Contribution Rate 0.00% 0.0000 3.53% 0.0353
 
Ports and Universities
Member Contribution Rate NA NA 8.83% 0.0883
Employer Contribution Rate NA NA 8.99% 0.0899
 
Public Safety Employees' Retirement System (PSERS)
Member Contribution Rate NA NA 6.57% 0.0657
Employer Contribution Rate NA NA 9.43% 0.0943
 
Washington State Patrol Retirement System (WSPRS)
Member Contribution Rate 6.65% 0.0665 6.65% 0.0665
Employer Contribution Rate 7.86% 0.0786 7.86% 0.0793

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



Contribution Rates Effective September 1, 2008
(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 4.26% 0.0426
Employer Contribution Rate 8.46% 0.0846 8.46%* 0.0846*
 
TRS State Government Elected Officials
Member Contribution Rate 7.50% 0.0750 4.26% 0.0426
Employer Contribution Rate 8.46% 0.0846 8.46%* 0.0846*
 
TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges
Member Contribution Rate 9.76% 0.0976 NA NA
Employer Contribution Rate 8.46% 0.0846 NA NA
 
School Employees' Retirement System (SERS)
Member Contribution Rate NA NA 4.68% 0.0468
Employer Contribution Rate NA NA 7.54%* 0.0754*

*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.

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