December 18, 2014
The Board is required by law to adopt member, employer, and state LEOFF Plan 2 contribution rates for the 2015-17 biennium no later than July 31, 2014. In 2004 the Board, as part of its strategic plan, set maintaining the financial integrity of the plan as one of its top priorities. Maintaining the stability of contribution rates was one of the objectives set for reaching this goal.
Therefore, at the July 23, 2014 LEOFF Plan 2 Board Meeting, the Board members voted to maintain the existing contribution rates through the 2015-2017 biennium.
Current Rates:
Member - 8.41%
Employer - 5.05%
State - 3.36%