Contribution Rates - Member

Updated: 7/1/2015

In Washington, both state and local governments and their employees contribute to the funding of employee retirement benefits. Contribution rates for the defined benefit systems are set by the state Pension Funding Council* every two years based on analysis and recommendations from the State Actuary and input from the Select Committee on Pension Policy. The Actuary regularly recommends updates to assumptions so policymakers can adjust contribution rates as needed to fund the retirement benefits earned by members.

The Legislature has the authority to revise the rates and assumptions adopted by the Pension Funding Council, but is not required to do so. Below are the rates for the 2015-17 Biennium. For more information on the adoption of these rates, see the 2014 DRS article Pension Funding Council endorses phase-in of contribution rate increases.

*Contribution rates for LEOFF Plan 2 are adopted by the LEOFF Plan 2 Retirement Board.

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