DRS Notice 22-009, Supplemental Contribution Rate Changes for PERS, PSERS, SERS and TRS
Date: July 26, 2022
Applies to: All Employers
Subject: DRS Notice 22-009, Supplemental Contribution Rate Changes for PERS, PSERS, SERS and TRS
Pension contribution rates
The contribution rates are presented in the charts below and are effective Sept. 1, 2022.
The Office of the State Actuary (OSA) calculated a supplemental rate change for PERS, TRS, SERS and PSERS based on the cost of SB 5676 – Plan 1 Retirement Systems Benefit Increase that passed during the 2022 legislative session.
A supplemental rate change for PSERS was also calculated based on the cost of HB 1669 –Line of Duty Disability Benefit that passed during the 2022 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 9/1/2022
(Employer rates include 0.18% DRS administrative expense rate)
| (Bold indicates rate change) | Plan 1 | Plan 2 | ||
|---|---|---|---|---|
| Public Employees’ Retirement System (PERS) | ||||
| Member Contribution Rate | 6.00% | 0.0600 | 6.36% | 0.0636 |
| Employer Contribution Rate | 10.39% | 0.1039 | 10.39%* | 0.1039* |
| PERS State Government Elected Officials | ||||
| Member Contribution Rate | 7.50% | 0.0750 | 6.36% | 0.0636 |
| Employer Contribution Rate | 15.50% | 0.155 | 10.39%* | 0.1039* |
| PERS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges | ||||
| Member Contribution Rate | 9.76% | 0.0976 | 13.40% | 0.1340 |
| Employer Contribution Rate | 12.89% | 0.1289 | 12.89%* | 0.1289* |
| PERS JBM Counties & Cities – District Court Judges & Municipal Court Judges | ||||
| Member Contribution Rate | 12.26% | 0.1226 | 15.90% | 0.1590 |
| Employer Contribution Rate | 10.39% | 0.1039 | 10.39%* | 0.1039* |
| Public Safety Employees’ Retirement System (PSERS) | ||||
| Member Contribution Rate | NA | NA | 6.60% | 0.0660 |
| Employer Contribution Rate | NA | NA | 10.63% | 0.1063 |
| School Employees’ Retirement System (SERS) | ||||
| Member Contribution Rate | NA | NA | 7.76% | 0.0776 |
| Employer Contribution Rate | NA | NA | 11.79%* | 0.1179* |
| Teachers’ Retirement System (TRS) | ||||
| Member Contribution Rate | 6.00% | 0.0600 | 8.05% | 0.0805 |
| Employer Contribution Rate | 14.69% | 0.1469 | 14.69%* | 0.1469* |
| TRS State Government Elected Officials | ||||
| Member Contribution Rate | 7.50% | 0.0750 | 8.05% | 0.0805 |
| Employer Contribution Rate | 14.69% | 0.1469 | 14.69%* | 0.1469* |
| TRS JBM State Agencies – Supreme Court Justices, Appeals and Superior Court Judges | ||||
| Member Contribution Rate | 9.76% | 0.0976 | NA | NA |
| Employer Contribution Rate | 14.69% | 0.1469 | NA | NA |
*Employer rates for Plan 3 are the same as Plan 2.
