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Member Contribution Rates

Updated: June 9, 2021

In Washington, both state and local governments and their employees fund employee retirement benefits. The state Pension Funding Council (PFC)1 sets contribution rates for the defined benefit systems every two years based on analysis and recommendations from the state actuary and input from the Select Committee on Pension Policy (SCPP). 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 2021-23 biennium. For detailed information on both employer and member contribution rates, see the Contribution Rate Tables in the DRS Employer Handbook.

System and Plan

Previous

Effective
July 1, 2021

Effective
Sept. 1, 2021

Public Employees’ Retirement System (PERS) Plan 2

7.90%

6.36%

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

8.59%

8.53%

Washington State Patrol Retirement System (WSPRS) Plans 1/2

8.61%

8.61%

Public Safety Employees’ Retirement System (PSERS) Plan 2

7.20%

6.50%

Teachers’ Retirement System (TRS) Plan 2

7.77%

8.05%

School Employees’ Retirement System (SERS) Plan 2

8.25%

7.76%

TRS 1 and PERS 1 member contribution rates are fixed in statute at 6%

   

History of Member Contribution Rates, 2006–2020 

Plan

2006

2007

2008

2009

2010

2011

2012

2013

2015

2017-18

2019-20

LEOFF 1

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

LEOFF 2

6.99%

7.85%

8.64%

8.83%

8.46%

8.46%

8.46%

8.41%

8.41%

8.75%

8.59%

PERS 1

6%

6%

6%

6%

6%

6%

6%

6%

6%

6%

6%

PERS 2

2.25%

3.50%

4.15%

5.45%

3.90%

4.59%

4.64%

4.92%

6.12%

7.38% | 7.41%*

7.90%

PSERS 2

6.57%

6.57%

6.57%

6.57%

6.55%

6.36%

6.36%

6.36%

6.59%

6.73% | 6.74% | 7.07%

7.20%

SERS 2

2.75%

3.79%

3.90%

4.68%

3.15%

3.15%

4.09%

4.64%

5.63%

7.27%

8.25%

TRS 1

6%

6%

6%

6%

6%

6%

6%

6%

6%

6%

6%

TRS 2

2.48%

3.01%

2.90%

4.26%

3.36%

3.36%

4.69%

4.96%

5.95%

7.06%

7.77%

WSPRS 1

4.51%

4.51%

6.65%

6.65%

5.09%

5.09%

6.59%

6.59%

6.84%

7.34% | 7.68%* | 7.69%*

8.45%

WSPRS 2

4.51%

4.51%

6.65%

6.65%

5.09%

5.09%

6.59%

6.59%

6.84%

7.34% | 7.68%* | 7.69%*

8.45%

* Rate reflects supplemental adjustments

Updating Your Address and/or Name

Retirees, inactive members, beneficiaries and legal-order payees: You can update your address from your online retirement account. Just select “Address” from the welcome screen. If you need to update your name, fill out and send in a printed form as well as a copy of documentation showing the change.

Active members: Update your name and/or address through your employer. That new information will soon appear in your online retirement account.

Direct Deposit

Set up and manage direct deposit of your benefit payments from your online retirement account. Just follow the “Direct Deposit” directions under “My Account” in the navigation menu.

(If you prefer to fill out and mail in a printed form, select this link.)

Beneficiary Designation

Members, you can update your beneficiary information from your online retirement account. Select “My Account” in the navigation menu and then “View/Edit” beside “Beneficiary.”

(If you prefer to fill out and mail in a printed form, select this link.)