State retirement plan contributions change Sept. 1
Employee and employer contribution rates for some of the following retirement plans will change on Sept. 1, 2022, as approved by the State Legislature. The state Pension Funding Council adjusts contribution rates, as needed, to fund the retirement benefits earned by members.
The PERS employer rate will change to 10.39% for all PERS plans. There were no changes to the LEOFF plans. The PSERS employee rate will change to 6.66% and the employer rate will be 10.63%.
New contribution amount deductions will begin with your Sept. 15 paycheck.
More information is available on the Washington State Department of Retirement Systems (DRS) website. If you have any questions about the rate change, please contact DRS at 800-547-6657 or firstname.lastname@example.org.