July 1, 2006 and After
The Department of Retirement Systems director reports to each employer the contribution rates required for the Public Safety Employees' Retirement System (PSERS). [RCW 41.37.080]
Beginning July 1, 2006, the employer collects the employer and member contributions that are computed by applying the applicable rates to the total compensation earnable as shown on the current payrolls of the employer. Each employer computes at the end of each month the amount due for that month and submits payment for the contributions.
Because a PSERS member earns at least partial service credit in any month in which he or she earns compensation, an employer must take contributions on any amount of reportable compensation earned on or after July 1, 2006.