Department of Retirement Systems (DRS) collects all contribution rates currently in effect, please refer to the following link for more details.
Read how contribution rates are established.
Read about the intent of public pension funding.
OSA calculates projected contribution rates based on the most recent actuarial valuation, asset returns, and legislative changes. The tables below show the projected contribution rates for the 2019-21 and 2021-23 Biennia.
Please note that projected contribution rates for the 2019-21 Biennium are based on the 2016 Actuarial Valuation Report (AVR) and are provided for informational purposes only. In summer of 2018, the contribution rates for the 2019-21 Biennium will be presented to the Pension Funding Council and LEOFF 2 Board for adoption based on the 2017 AVR. In addition to data, asset, and legislative changes; the 2021-23 projected rates could change based on any further reductions to the assumed interest rate assumption or updates to demographic assumptions from our next demographic experience study.