Members (for active members, inactive members, and beneficiaries of members)
Contribution Rates
How rates are determined
Last Updated: 7/22/2011
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.
| Contribution Rates Effective July 1, 2011 (Bold indicates rate change) |
||
|---|---|---|
| Plan 1 | Plan 2 | |
| Percent | Percent | |
| Public Employees’ Retirement System (PERS) | ||
| Member Contribution Rate | 6.00% | 4.59% |
| School Employees’ Retirement System (SERS) | ||
| Member Contribution Rate | N/A | 3.15% |
| Teachers’ Retirement System (TRS) | ||
| Member Contribution Rate | 6.00% | 3.36% |
| Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF) | ||
| Member Contribution Rate | N/A | 8.46% |
| Washington State Patrol Retirement System (WSPRS) | ||
| Member Contribution Rate | 6.59% | 6.59% |
| Public Safety Employees' Retirement System (PSERS) | ||
| Member Contribution Rate | N/A | 6.36% |
| Contribution Rates Effective September 1, 2011 (Bold indicates rate change) |
||
|---|---|---|
| Plan 1 | Plan 2 | |
| Percent | Percent | |
| Public Employees’ Retirement System (PERS) | ||
| Member Contribution Rate | 6.00% | 4.64% |
| School Employees’ Retirement System (SERS) | ||
| Member Contribution Rate | N/A | 4.09% |
| Teachers’ Retirement System (TRS) | ||
| Member Contribution Rate | 6.00% | 4.69% |
| Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF) | ||
| Member Contribution Rate | N/A | 8.46% |
| Washington State Patrol Retirement System (WSPRS) | ||
| Member Contribution Rate | 6.59% | 6.59% |
| Public Safety Employees' Retirement System (PSERS) | ||
| Member Contribution Rate | N/A | 6.36% |
History of Contribution Rates, 2000 - 2010
| Plan | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEOFF 1 | 6% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| LEOFF 2 | 5.41% | 6.78% | 4.39% | 4.39% | 5.09% | 6.75% | 6.99% | 7.85% | 8.64% | 8.83% | 8.46% |
| PERS 1 | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
| PERS 2 | 1.54% | 2.43% | 0.65% | 1.18% | 1.18% | 1.18% | 2.25% | 3.50% | 4.15% | 5.45% | 3.90% |
| PSERS 2 1 | na | na | na | na | na | na | 6.57% | 6.57% | 6.57% | 6.57% | 6.55% |
| SERS 2 2 | na | 2.43% | 0.35% | 0.35% | 0.85% | 0.85% | 2.75% | 3.79% | 3.90% | 4.68% | 3.15% |
| TRS 1 | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% | 6% |
| TRS 2 | 1.85% | 3.01% | 0.15% | 0.15% | 0.87% | 0.87% | 2.48% | 3.01% | 2.90% | 4.26% | 3.36% |
| WSPRS 1 | 7% | 3% | 2% | 2% | 2% | 2% | 4.51% | 4.51% | 6.65% | 6.65% | 5.09% |
| WSPRS 2 3 | na | na | na | 2% | 2% | 2% | 4.51% | 4.51% | 6.65% | 6.65% | 5.09% |
1 PSERS Plan 2 began July 1, 2006
2 SERS Plan 2 began September 1, 2000
3 WSPRS Plan 2 began January 1, 2003