DRS Notice 23-005, Contribution Rate Changes for PERS and PSERS

Posted on May 24, 2023

Date: May 24, 2023
Notice: 23-005
Applies to: All Employers
Subject: DRS Notice 23-005, Contribution Rate Changes for PERS and PSERS

Pension contribution rates

The contribution rates presented in the charts below are effective July 1, 2023.

Following the 2023 legislative session and based on the passage of ESSB 5294 – Concerning actuarial funding of state retirement systems, contribution rate changes for PERS and PSERS are listed below.

On or before Aug. 1, we will send a separate notice with additional rates effective Sept. 1, 2023. The rates effective Sept. 1, 2023, include changes also based on the passage of ESSB 5294 for TRS and SERS, plus any other supplemental rate changes identified during the 2023 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 7/1/2023
(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	6.36%	0.0636
Employer Contribution Rate	9.39%	0.0939	9.39%*	0.0939*
PERS State Government Elected Officials
Member Contribution Rate	7.50%	0.0750	6.36%	0.0636
Employer Contribution Rate	14.00%	0.1400	9.39%*	0.0939*
PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges
Member Contribution Rate	9.76%	0.0976	13.40%	0.1340
Employer Contribution Rate	11.89%	0.1189	11.89%*	0.1189*
PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges
Member Contribution Rate	12.26%	0.1226	15.90%	0.1590
Employer Contribution Rate	9.39%	0.0939	9.39%*	0.0939*
Public Safety Employees’ Retirement System (PSERS)
Member Contribution Rate	NA	NA	6.60%	0.0660
Employer Contribution Rate	NA	NA	9.63%	0.0963