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Campus Notices

PERS 2 & LEOFF 2 Contribution Rate Change

The legislature has made a change in the amount that will be deducted from employee paychecks for the PERS 2 and LEOFF 2 retirement plans.

Effective on the July 25, 2013, paycheck, employee contribution rates for PERS 2 members will increase from 4.64% to 4.92%.

Example: An employee making $30,000 per year, or $1,250 per pay check, will see a change in the PERS 2 contribution from $58 to $61.50, an increase of $3.50 per paycheck.

Effective on the July 25, 2013, paycheck, employee contribution rates for LEOFF 2 members will decrease from 8.46% to 8.41%.

Example: An employee making $30,000 per year, or $1,250 per pay check, will see a change in the LEOFF 2 contribution from $105.75 to $105.13, a decrease of $.62 per paycheck.

There are no changes to the employee contribution rates for PERS 1, PERS 3, TRS 1, or TRS 3.

Event Type: 
FYI