Contribution Rates - Member

How rates are determined

Last Updated: 6/26/2015

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.

Most contribution rates are effective July 1, 2015. SERS and TRS contribution rates are effective September 1, 2015.
(Bold indicates rate change)
  Plan 1 Plan 2
Percent Percent
Public Employees’ Retirement System (PERS)    
Member Contribution Rate 6.00% 6.12%
School Employees’ Retirement System (SERS)    
Member Contribution Rate N/A 5.63%
Teachers’ Retirement System (TRS)    
Member Contribution Rate 6.00% 5.95%
Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF)    
Member Contribution Rate N/A 8.41%
Washington State Patrol Retirement System (WSPRS)    
Member Contribution Rate 6.69% 6.69%
Public Safety Employees' Retirement System (PSERS)    
Member Contribution Rate N/A 6.59%

 


History of Contribution Rates, 2003 - 2013

Plan 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
LEOFF 1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
LEOFF 2 4.39% 5.09% 6.75% 6.99% 7.85% 8.64% 8.83% 8.46% 8.46% 8.46% 8.41%
PERS 1 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
PERS 2 1.18% 1.18% 1.18% 2.25% 3.50% 4.15% 5.45% 3.90% 4.59% 4.64% 4.92%
PSERS 2 1 na na na 6.57% 6.57% 6.57% 6.57% 6.55% 6.36% 6.36% 6.36%
SERS 2  0.35% 0.85% 0.85% 2.75% 3.79% 3.90% 4.68% 3.15% 3.15% 4.09% 4.64%
TRS 1 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
TRS 2 0.15% 0.87% 0.87% 2.48% 3.01% 2.90% 4.26% 3.36% 3.36% 4.69% 4.96%
WSPRS 1 2% 2% 2% 4.51% 4.51% 6.65% 6.65% 5.09% 5.09% 6.59% 6.59%
WSPRS 2 2% 2% 2% 4.51% 4.51% 6.65% 6.65% 5.09% 5.09% 6.59% 6.59%

1 PSERS Plan 2 began July 1, 2006