The Department of Retirement Systems (DRS) has updated rates as outlined below effective September 1, 2023. Only the rate changes implemented within HRMS are outlined in the table below. For full rate detail which includes unchanged rates, please see full DRS Notice 23-009. Employer rates for Plan 3 are the same as Plan 2.
Pension Plan
Plan 1
Plan 2
Percent
Rate
Percent
Rate
Public Employees’ Retirement System (PERS)
Employer Contribution Rate
9.53%
0.0953
9.53%*
0.0953*
PERS State Government Elected Officials
Employer Contribution Rate
14.20%
0.142
9.53%*
0.0953*
PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges
Employer Contribution Rate
12.03%
0.1203
12.03%*
0.1203*
PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges
Employer Contribution Rate
9.53%
0.0953
9.53%*
0.0953*
Public Safety Employees’ Retirement System (PSERS)
Member Contribution Rate
NA
NA
6.73%
0.0673
Employer Contribution Rate
NA
NA
9.90%
0.099
School Employees’ Retirement System (SERS)
Employer Contribution Rate
NA
NA
10.93%*
0.1093*
Teachers’ Retirement System (TRS)
Member Contribution Rate
No change
No change
8.06%
0.0806
Employer Contribution Rate
9.70%
0.097
9.70%*
0.0970*
TRS State Government Elected Officials
Member Contribution Rate
No change
No change
8.06%
0.0806
Employer Contribution Rate
9.70%
0.097
9.70%*
0.0970*
TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges
Employer Contribution Rate
9.70%
0.097
NA
NA
Law Enforcement Officers' and Fire Fighters' Retirement System (LEOFF)
Cities, Counties, and Fire Districts, etc.
Employer Contribution Rate
0.20%
0.002
5.32%
0.0532
State Contribution Rate
No change
No change
3.41%
0.0341
Ports and Universities
Employer Contribution Rate
NA
NA
8.73%
0.0873
Washington State Patrol Retirement System (WSPRS)
Member Contribution Rate
8.74%
0.0874
8.74%
0.0874
Employer Contribution Rate
17.99%
0.1799
17.99%
0.1799
New records have been created for those plans with an employee rate change. There is no action necessary by agency processors.
Questions?
Employers who have additional questions regarding the rate changes should contact DRS Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2, or email DRS.
