State Actuary projects pension contribution rates to be lower in 2021-23

The Office of the State Actuary recently released projected pension contribution rates for the 2019-21 and 2021-23 biennia. The employee and employer contribution rates are expected to decrease for the PERS, SERS, and LEOFF systems.

However, the expected rate structure is intended only for information purposes and will most likely change due to future decisions by the Legislature, the Pension Funding Council, and the Law Enforcement Officers’ and Fire Fighters’ Plan 2 Board.

For more information on the proposed rates, visit the Office of the State Actuary contribution rate website.