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Contribution Rate Projections

The Department of Retirement Systems (DRS) collects all contribution rates currently in effect, please refer to the following links for more details.

Read how contribution rates are established.

Read about the intent of public pension funding.

OSA calculates projected contribution rates based on the most recent actuarial valuation, asset returns, and legislative changes. The tables below show contribution rates, adopted by the Pension Funding Council and the LEOFF Plan 2 Retirement Board, for the 2015-17 Biennium. Projected rates for the 2017-19 Biennium will be added to this page later this fall.

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Adopted Employee Contribution Rates1
(Revised 8/8/14)
  (7/1/15 - 6/30/17)
  2015-172
 PERS3  
Plan 1 Members 6.00%
Plan 2 Members 6.12%
 TRS3
Plan 1 Members 6.00%
Plan 2 Members 5.95%
 SERS3  
Plan 2 Members 5.63%
 PSERS
Members 6.59%
 LEOFF  
Plan 1 Members 0.00%
Plan 2 Members 8.41%
 WSPRS
Plan 1 Members 6.69%
Plan 2 Members 6.69%

   
 
Adopted Employer Contribution Rates1
(Revised 8/8/14)
  (7/1/15-6/30/17)
  2015-172
   
 PERS Plans 1, 2, & 3  
Normal Cost 6.23%
Plan 1 UAAL 4.77%
Total 11.00%
 TRS Plans 1, 2, & 3  
Normal Cost 6.72%
Plan 1 UAAL 6.23%
Total 12.95%
 SERS Plans 2 & 3  
Normal Cost 6.63%
PERS 1 UAAL 4.77%
Total 11.40%
 PSERS  
Normal Cost 6.59%
PERS 1 UAAL 4.77%
Total 11.36%
 LEOFF Plan 1  
Local Employer 0.00%
State4 0.00%
Plan 1 Total 0.00%
 LEOFF Plan 2  
Local Employer 5.05%
State4 3.36%
Plan 2 Total 8.41%
 WSPRS Plans 1 & 2  
Normal Cost - State 8.01%
Total 8.01%
1 TRS and SERS rates are effective from 9/1 to 8/31 of each year. 
Employer rates exclude the administrative expense rate collected by the Department of Retirement Systems.
Rates shown for 2015-17 are based on the 2013 Actuarial Valuation.  The LEOFF Plan 2 rates were adopted by the LEOFF Plan 2 Retirement Board.  All other rates were adopted by the Pension Funding Council.  All rates are subject to change by the Washington State Legislature.  Projected 2017-19 contribution rates will be posted to this page later this fall.
3 Plan 1 members' contribution rate is statutorily set at 6.0%.  Members in Plan 3 do not make contributions to their defined benefit.
4 In the LEOFF plans only, the state pays a percent of the total cost of benefits.
   
   

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