This interactive report calculates member and employer contribution rates that vary based on the asset valuation method and discount rate you select. The state’s funding policy, defined under Chapter 41.45 RCW, does not vary based on your selections. The rates in this report may not match current contribution rates. See the Department of Retirement Systems’ website for
current contribution rates.
interactive report page, select information from the following two inputs to create customized Contribution Rates:
Asset Valuation Method.
Determines whether the market value or the actuarial value of assets is used when calculating contribution rates. See the description of the asset valuation method under
Funded Status Report for additional details.
Represents the interest rate used to determine contribution rates under current state funding policy. Three discount rate choices are available.
A. Statutory rate used for funding or determining contribution rates (i.e., 7.7 percent).
B. Statutory rate used for funding less 1 percent (i.e., 6.7 percent).
C. Statutory rate used for funding plus 1 percent (i.e., 8.7 percent).
Go to the
interactive report page. Select your inputs, then click on "View Report" button to see the results. Please select the button in the menu bar to download the results of the scenario you defined.
We do not provide a contribution rate calculation under a 5 percent discount rate selection because we don’t believe the current state funding policy would continue under this assumption. If we calculated expected long-term contribution rates using a 5 percent discount rate instead of the statutory rate used for funding currently, the expected long-term contribution rates would approximately double for each system assuming equal cost sharing between members and employers.