Contribution Rates - Member

How rates are determined

Last Updated: 7/25/2013

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 September 1, 2013
(Bold indicates rate change)
  Plan 1 Plan 2
Percent Percent
Public Employees’ Retirement System (PERS)    
Member Contribution Rate 6.00% 4.92%
School Employees’ Retirement System (SERS)    
Member Contribution Rate N/A 4.64%
Teachers’ Retirement System (TRS)    
Member Contribution Rate 6.00% 4.96%
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 6.59% 6.59%
Public Safety Employees' Retirement System (PSERS)    
Member Contribution Rate N/A 6.36%

 


History of Contribution Rates, 2002 - 2012

Plan 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
LEOFF 1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
LEOFF 2 4.39% 4.39% 5.09% 6.75% 6.99% 7.85% 8.64% 8.83% 8.46% 8.46% 8.46%
PERS 1 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
PERS 2 0.65% 1.18% 1.18% 1.18% 2.25% 3.50% 4.15% 5.45% 3.90% 4.59% 4.64%
PSERS 2 1 na na na na 6.57% 6.57% 6.57% 6.57% 6.55% 6.36% 6.36%
SERS 2 2 0.35% 0.35% 0.85% 0.85% 2.75% 3.79% 3.90% 4.68% 3.15% 3.15% 4.09%
TRS 1 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
TRS 2 0.15% 0.15% 0.87% 0.87% 2.48% 3.01% 2.90% 4.26% 3.36% 3.36% 4.69%
WSPRS 1 2% 2% 2% 2% 4.51% 4.51% 6.65% 6.65% 5.09% 5.09% 6.59%
WSPRS 2 3 na 2% 2% 2% 4.51% 4.51% 6.65% 6.65% 5.09% 5.09% 6.59%

1 PSERS Plan 2 began July 1, 2006
2 SERS Plan 2 began September 1, 2000
3 WSPRS Plan 2 began January 1, 2003