The State Actuary evaluates the plans each year. In odd-numbered years, the data is used to recommend contribution rate adjustments (if any) to the Pension Funding Council. Several factors go into the rate calculations, including the financial and demographic experience of the plans and the cost of any benefit increases.
Last updated May 31, 2007
| Contribution Rates Effective July 1, 2007 (Bold indicates rate change) |
||
|---|---|---|
| Plan 1 | Plan 2 | |
| Percent | Percent | |
| Public Employees’ Retirement System (PERS) | ||
| Member Contribution Rate | 6.00% | 4.15% |
| Public Safety Employees' Retirement Systems (PSERS) | ||
| Member Contribution Rate | NA | 6.57% |
| Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF) | ||
| Member Contribution Rate | 0.00% | 8.60% |
| Washington State Patrol Retirement System (WSPRS) | ||
| Member Contribution Rate | 6.70% | 6.70% |
| Contribution Rates Effective September 1, 2007 (Bold indicates rate change) |
||
|---|---|---|
| Plan 1 | Plan 2 | |
| Percent | Percent | |
| Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF) | ||
| Member Contribution Rate | 0.00% | 8.64% |
| School Employees’ Retirement System (SERS) | ||
| Member Contribution Rate | NA | 3.90% |
| Teachers’ Retirement System (TRS) | ||
| Member Contribution Rate | 6.00% | 2.90% |
| Washington State Patrol Retirement System (WSPRS) | ||
| Member Contribution Rate | 6.65% | 6.65% |
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|
LEOFF Plan 1 |
6.00% | 6.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LEOFF Plan 2 |
8.48% | 5.41% | 6.78% | 4.39% | 4.39% | 5.09% | 6.75% | 6.99% | 7.85% |
PERS Plan 1 |
6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
PERS Plan 2 |
4.65% | 1.54% | 2.43% | 0.65% | 1.18% | 1.18% | 1.18% | 2.25% | 3.50% |
PSERS Plan 2* |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.57% | 6.57% |
SERS Plan 2** |
N/A | N/A | 2.43% | 0.35% | 0.35% | 0.85% | 0.85% | 2.75% | 3.79% |
TRS Plan 1 |
6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
TRS Plan 2 |
6.03% | 1.85% | 3.01% | 0.15% | 0.15% | 0.87% | 0.87% | 2.48% | 3.01% |
WSPRS Plan 1 |
7.00% | 7.00% | 3.00% | 2.00% | 2.00% | 2.00% | 2.00% | 4.51% | 4.51% |
WSPRS Plan 2*** |
N/A | N/A | N/A | N/A | 2.00% | 2.00% | 2.00% | 4.51% | 4.51% |
All rates are as of June of the given year.
*PSERS Plan 2 began July 1, 2006
**SERS Plan 2 began September 1, 2000.
***WSPRS Plan 2 began January 1, 2003.