Plan 2 is funded by mandatory contributions made by both you and your employer and invested by the Washington State Investment Board. Member contributions are deducted from your paychecks and you can see your deducted contributions on your pay stub. Contribution rates change over time, based on funding needs of the plan.
| Plan 2 Mandatory Member Contribution Rates as of July 2008 | |
|---|---|
| Public Employees’ Plan 2 | 5.45% |
| As of September 2008 | |
| School Employees’ Plan 2 | 4.68% |
| Teachers’ Plan 2 | 4.26% |
| Public Employees’ rates typically change in July. School Employees’ and Teachers’ rates typically change in September. You can find up-to-date member contribution rate information on the DRS Web site. | |