DRS Notice 24-011, Contribution Rate Changes for PERS and PSERS

Date:   May 21, 2024
Applies to: All Employers
Subject: DRS Notice 24-011, Contribution Rate Changes for PERS and PSERS

Pension contribution rates

The contribution rates presented in the charts below are effective July 1, 2024.

Contribution rate changes for PERS and PSERS based on ESSB 5294 – Concerning actuarial funding of state retirement systems are listed below.

On or before Aug. 1, we will send a separate notice with additional rates effective Sept. 1, 2024. The rates effective Sept. 1, 2024, include changes also based on ESSB 5294 for TRS and SERS, plus any other supplemental rate changes identified during the 2024 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 7/1/2024

(Employer rates include 0.20% DRS administrative expense rate)
(Bold indicates rate change)Plan 1Plan 2
Public Employees’ Retirement System (PERS)
Member Contribution Rate6.00%0.06006.36%0.0636
Employer Contribution Rate9.03%0.09039.03%*0.0903*
PERS State Government Elected Officials
Member Contribution Rate7.50%0.07506.36%0.0636
Employer Contribution Rate13.45%0.13459.03%*0.0903*
PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges
Member Contribution Rate9.76%0.097613.40%0.1340
Employer Contribution Rate11.53%0.115311.53%*0.1153*
PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges
Member Contribution Rate12.26%0.122615.90%0.1590
Employer Contribution Rate9.03%0.09039.03%*0.0903*
Public Safety Employees’ Retirement System (PSERS)
Member Contribution RateNANA6.73%0.0673
Employer Contribution RateNANA9.40%0.0940

*Employer rates for Plan 3 are the same as Plan 2.

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