The Pension Funding Council and Washington State Legislature have updated the employee and employer contribution rates for the Department of Retirement Systems (DRS) retirement plans.
PERS and LEOFF rate changes are effective July 1, 2021 (impacting the July 26, 2021 paycheck).
TRS rate changes are effective September 1, 2021 (impacting the September 24, 2021 paycheck).
PERS and TRS Plan 3 employee rates do not change because they are chosen by the employee. Employer rates for plan 3 are the same as plan 2.
Here are the updated rates: