Contribution Rates - Member

Updated: 7/24/2017

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 member contribution rates for the 2017-19 Biennium. For information on both employer and member contribution rates, see DRS Employer Notice 17-009: Contribution Rates for LEOFF, PERS, PSERS and WSPRS and DRS Employer Notice 17-015: Contribution Rates for PSERS, SERS, TRS and WSPRS.

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

Member Contribution Rates 2017-19 Biennium

System and Plan Previous Effective
July 1, 2017
Effective
Sept. 1, 2017
Public Employees’ Retirement System (PERS) Plan 2 6.12% 7.38% --
Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF) Plan 1
0.00% 0.00% --
Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF) Plan 2 8.41% 8.75% --
Washington State Patrol Retirement System (WSPRS) Plans 1/2 6.84% 7.34% 7.68%*
Public Safety Employees' Retirement System (PSERS) Plan 2 6.59% 6.73% 6.74%**
Teachers’ Retirement System (TRS) Plan 2 5.95% -- 7.06%
School Employees’ Retirement System (SERS) Plan 2 5.63% -- 7.27%
TRS 1 and PERS 1 member contribution rates are fixed in statute at 6%      

*The supplemental increase in WSPRS 1/2 is based on the costs associated with legislative approval of SB 5274, as calculated by the State Actuary.

**The supplemental increase in PSERS 2 is based on the costs associated with legislative approval of HB 1709, as calculated by the State Actuary.


History of Member Contribution Rates, 2003–2015

Plan 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2015
LEOFF 1 0% 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% 8.41%
PERS 1 6% 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% 6.12%
PSERS 2 1 n/a n/a n/a 6.57% 6.57% 6.57% 6.57% 6.55% 6.36% 6.36% 6.36% 6.59%
SERS 2  0.35% 0.85% 0.85% 2.75% 3.79% 3.90% 4.68% 3.15% 3.15% 4.09% 4.64% 5.63%
TRS 1 6% 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% 5.95%
WSPRS 1 2% 2% 2% 4.51% 4.51% 6.65% 6.65% 5.09% 5.09% 6.59% 6.59% 6.84%
WSPRS 2 2% 2% 2% 4.51% 4.51% 6.65% 6.65% 5.09% 5.09% 6.59% 6.59% 6.84%

1 PSERS Plan 2 began July 1, 2006