State retirement plan contributions increased Sept. 1
Employee and employer contribution rates for the following retirement plans increased Sept. 1, 2018, as approved by the State Legislature.
In addition, the King County employer contribution rate for PERS Plan 3 and PERS JBM Plans 1 and 3 increased to 12.83%.
Law Enforcement Officers Fire Fighters (LEOFF) plans do not have a rate adjustment.
New contribution amounts will be deducted from the second paycheck:
- If you are paid on the 5th and 20th of the month, your new contribution will appear on your September 20 paycheck.
- If you are paid every other Thursday, your new contribution will appear on your September 20 paycheck.
If you have any questions about the rate change, please contact the Washington State Department of Retirement Systems (DRS) at 800-547-6657 or email@example.com. More information is available on the DRS website at drs.wa.gov.