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 2011 | |
|---|---|
| Public Employees’ Plan 2 | 4.59% |
| As of September 2011 | |
| School Employees’ Plan 2 | 4.08% |
| Teachers’ Plan 2 | 4.68% |
| The Pension Funding Council approved these rates as of July 2011 for Public Employees and September 2011 for School Employees and Teachers. The rates may change if pension bills passed during the 2011 legislative session have a financial impact. You can always find up-to-date contribution rate information on our website at www.drs.wa.gov. | |