DRS Email 19-006, Upcoming Changes in Pension Contribution Rates
Posted on May 23, 2019
- Notice No.: 19-006
- Date: May 23, 2019
- Applies to: All Employers
- Subject: DRS Email 19-006, Upcoming Changes in Pension Contribution Rates
The contribution rates for 2019-21 are presented in the charts below. The rates for LEOFF, PERS, PSERS and WSPRS listed in the first chart are effective July 1, 2019.
The contribution rates for TRS and SERS listed in the subsequent chart are effective Sept. 1, 2019.
Rates that are changing from current levels are displayed in bold.
If you have questions regarding this DRS notice, please contact Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2, or email us.
Contribution Rates Effective 7/1/2019 |
||||
|---|---|---|---|---|
| Plan 1 | Plan 2 | |||
| Law Enforcement Officers’ and Fire Fighters’ Retirement System (LEOFF) | Percent | Rate | Percent | Rate |
| Cities, Counties, and Fire Districts, etc. | ||||
| • Member Contribution Rate | 0.00% | 0.0000 | 8.59% | 0.0859 |
| • Employer Contribution Rate | 0.18% | 0.0018 | 5.33% | 0.0533 |
| • State Contribution Rate | 0.00% | 0.0000 | 3.44% | 0.0344 |
| Ports and Universities | ||||
| • Member Contribution Rate | NA | NA | 8.59% | 0.0859 |
| • Employer Contribution Rate | NA | NA | 8.77% | 0.0877 |
| Public Employees’ Retirement System (PERS) | Percent | Rate | Percent | Rate |
| • Member Contribution Rate | 6.00% | 0.0600 | 7.90% | 0.0790 |
| • Employer Contribution Rate | 12.86% | 0.1286 | 12.86%* | 0.1286* |
| PERS State Government Elected Officials | ||||
| • Member Contribution Rate | 7.50% | 0.0750 | 7.90% | 0.0790 |
| • Employer Contribution Rate | 19.20% | 0.1920 | 12.86%* | 0.1286* |
| PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges | ||||
| • Member Contribution Rate | 9.76% | 0.0976 | 17.25% | 0.1725 |
| • Employer Contribution Rate | 15.36% | 0.1536 | 15.36%* | 0.1536* |
| PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges | ||||
| • Member Contribution Rate | 12.26% | 0.1226 | 19.75% | 0.1975 |
| • Employer Contribution Rate | 12.86% | 0.1286 | 12.86%* | 0.1286* |
| Public Safety Employees’ Retirement System (PSERS) | Percent | Rate | Percent | Rate |
| • Member Contribution Rate | NA | NA | 7.20% | 0.0720 |
| • Employer Contribution Rate | NA | NA | 12.14% | 0.1214 |
| Washington State Patrol Retirement System (WSPRS) | Percent | Rate | Percent | Rate |
| • Member Contribution Rate | 8.45% | 0.0845 | 8.45% | 0.0845 |
| • Employer Contribution Rate | 17.68% | 0.1768 | 17.68% | 0.1768 |
Contribution Rates Effective 9/1/2019 |
||||
|---|---|---|---|---|
| Plan 1 | Plan 2 | |||
| School Employees’ Retirement System (SERS) | Percent | Rate | Percent | Rate |
| • Member Contribution Rate | NA | NA | 8.25% | 0.0825 |
| • Employer Contribution Rate | NA | NA | 13.19%* | 0.1319* |
| Teachers’ Retirement System (TRS) | Percent | Rate | Percent | Rate |
| • Member Contribution Rate | 6.00% | 0.0600 | 7.77% | 0.0777 |
| • Employer Contribution Rate | 15.51% | 0.1551 | 15.51%* | 0.1551* |
| TRS State Government Elected Officials | ||||
| • Member Contribution Rate | 7.50% | 0.0750 | 7.77% | 0.0777 |
| • Employer Contribution Rate | 15.51% | 0.1551 | 15.51%* | 0.1551* |
| TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges | ||||
| • Member Contribution Rate | 9.76% | 0.0976 | NA | NA |
| • Employer Contribution Rate | 15.51% | 0.1551 | NA | NA |
