State retirement plan contributions change July 1, 2023

Employer contribution rates for some of the following retirement plans will change on July 1, 2023, 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 9.39% for all PERS plans. There were no changes to the LEOFF plans. The PSERS employer rate will be 9.63%.

You will see the new employer contribution amounts under employer-paid benefits on your paystub beginning July 20, 2023.

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 recep@drs.wa.gov.