Office of the State Actuary: Contribution Rates

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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.

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Projected Employee Contribution Rates¹
(Revised 10/16/12)

(7/1/13 - 6/30/15) (7/1/15 - 6/30/17)

2013-15² 2015-17²

Scenario Adopted Optimistic Expected Pessimistic

PERS³

Plan 1 Members 6.00% 6.00% 6.00% 6.00%

Plan 2 Members 4.92% 5.57% 6.06% 6.54%

TRS³

Plan 1 Members 6.00% 6.00% 6.00% 6.00%

Plan 2 Members 4.96% 5.72% 6.17% 6.58%

SERS³

Plan 2 Members 4.64% 5.46% 5.98% 6.48%

PSERS

Members 6.36% 6.26% 6.44% 6.60%

LEOFF

Plan 1 Members 0.00% 0.00% 0.00% 0.00%

Plan 2 Members 8.41% 8.41% 8.41% 8.41%

WSPRS

Plan 1 Members 6.59% 6.41% 6.41% 6.86%

Plan 2 Members 6.59% 6.41% 6.41% 6.86%

Projected Employer Contribution Rates¹(Revised 10/16/12)
	(7/1/13 - 6/30/15)	(7/1/15-6/30/17)
	2013-15²	2015-17²
Scenario	Adopted	Optimistic	Expected	Pessimistic
PERS Plans 1, 2, & 3
Normal Cost	5.03%		6.17%
Plan 1 UAAL	4.00%		4.24%
DRS Expense Charge	0.18%		0.17%
Total	9.21%	9.88%	10.58%	11.33%
TRS Plans 1, 2, & 3
Normal Cost	5.73%		6.94%
Plan 1 UAAL	4.48%		5.90%
DRS Expense Charge	0.18%		0.17%
Total	10.39%	12.56%	13.01%	13.42%
SERS Plans 2 & 3
Normal Cost	5.64%		6.98%
PERS 1 UAAL	4.00%		4.24%
DRS Expense Charge	0.18%		0.17%
Total	9.82%	10.66%	11.39%	12.16%
PSERS
Normal Cost	6.36%		6.44%
PERS 1 UAAL	4.00%		4.24%
DRS Expense Charge	0.18%		0.17%
Total	10.54%	10.46%	10.85%	11.28%
LEOFF Plan 1
Local Employer	0.00%		0.00%
DRS Expense Charge	0.18%		0.17%
Local Employer Total	0.18%		0.17%
State⁴	0.00%		0.00%
Plan 1 Total	0.18%	0.17%	0.17%	0.17%
LEOFF Plan 2
Local Employer	5.05%		5.05%
DRS Expense Charge	0.18%		0.17%
Local Employer Total	5.23%		5.22%
State⁴	3.36%		3.36%
Plan 2 Total	8.59%	8.58%	8.58%	8.58%
WSPRS Plans 1 & 2
Normal Cost - State	7.91%		7.73%
DRS Expense Charge	0.18%		0.17%
Total	8.09%	7.90%	7.90%	8.35%
¹ TRS and SERS rates are effective from 9/1 to 8/31 of each year.
²Rates shown for 2013-15 are based on the 2011 Actuarial Valuation. Rates shown for 2015-17 are projections based on the 2011 Actuarial Valuation. They reflect asset returns through June 30, 2012.
³Plan 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.