State retirement plan contributions increased July 1
Employee and employer contribution rates for the following retirement plans changed on July 1, 2019, as approved by the State Legislature.
The PERS employer rate increased to 12.86% for PERS plan 3 and PERS JBM plans 1 and 3.
The new contribution amounts will be deducted from your second paycheck in July:
- If you are paid every other Thursday, your new contribution will appear on your July 25 paycheck.
- If you are paid on the 5th and 20th of the month, your new contribution will appear on your July 19 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 www.drs.wa.gov.