DRS Email 20-011, Supplemental Contribution Rate Changes for PERS, PSERS, SERS, TRS and WSPRS
Notice No: 20-011
Date: July 30, 2020
Applies to: All Employers
Subject: DRS Email 20-011, Supplemental Contribution Rate Changes for PERS, PSERS, SERS, TRS and WSPRS
Pension contribution rates
The contribution rates are presented in the charts below and are effective Sept. 1, 2020.
The Office of the State Actuary (OSA) calculated a supplemental rate change for PERS, TRS, SERS and PSERS based on the cost of EHB 1390 – Plan 1 Retirement Systems Benefit Increase that passed during the 2020 legislative session.
A supplemental rate change for WSPRS was also calculated based on the cost of SB 6218 –Definition of Salary and SHB 2544 – Definition of Veteran that passed during the 2020 legislative session.
Employers who have additional questions regarding this notice should contact DRS Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2, or email us.
Contribution Rates Effective 9/1/2020 (Employer rates include 0.18% DRS administrative expense rate) |
||||
|---|---|---|---|---|
(Bold indicates rate change) | Plan 1 | Plan 2 |
||
Public Employees’ Retirement System (PERS) |
|
|
|
|
Member Contribution Rate | 6.00% | 0.0600 | 7.90% | 0.0790 |
Employer Contribution Rate | 12.97% | 0.1297 | 12.97%* | 0.1297* |
PERS State Government Elected Officials |
|
|
|
|
Member Contribution Rate | 7.50% | 0.0750 | 7.90% | 0.0790 |
Employer Contribution Rate | 19.37% | 0.1937 | 12.97%* | 0.1297* |
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 | 15.47% | 0.1547 | 15.47%* | 0.1547* |
PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges |
|
|
|
|
Member Contribution Rate | 12.26% | 0.1226 | 19.75% | 0.1975 |
Employer Contribution Rate | 12.97% | 0.1297 | 12.97%* | 0.1297* |
Public Safety Employees’ Retirement System (PSERS) |
|
|
|
|
Member Contribution Rate | NA | NA | 7.20% | 0.0720 |
Employer Contribution Rate | NA | NA | 12.25% | 0.1225 |
School Employees’ Retirement System (SERS) |
|
|
|
|
Member Contribution Rate | NA | NA | 8.25% | 0.0825 |
Employer Contribution Rate | NA | NA | 13.30%* | 0.1330* |
Teachers’ Retirement System (TRS) |
|
|
|
|
Member Contribution Rate | 6.00% | 0.0600 | 7.77% | 0.0777 |
Employer Contribution Rate | 15.74% | 0.1574 | 15.74%* | 0.1574* |
TRS State Government Elected Officials |
|
|
|
|
Member Contribution Rate | 7.50% | 0.0750 | 7.77% | 0.0777 |
Employer Contribution Rate | 15.74% | 0.1574 | 15.74%* | 0.1574* |
TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges |
|
|
|
|
Member Contribution Rate | 9.76% | 0.0976 | NA | NA |
Employer Contribution Rate | 15.74% | 0.1574 | NA | NA |
Washington State Patrol Retirement System (WSPRS) |
|
|
|
|
Member Contribution Rate | 8.61% | 0.0861 | 8.61% | 0.0861 |
Employer Contribution Rate | 17.84% | 0.1784 | 17.84% | 0.1784 |
*Employer rates for Plan 3 are the same as Plan 2.
