July 25, 2024
The LEOFF Plan 2 Retirement Board adopted contribution rates for LEOFF Plan 2 at the July 24, 2024 board meeting. The Board decided to leave the rates already adopted for the 2025-2027 biennium.
The Board also voted to increase rates in the 2027-29 biennium (See table below). The Board will reevaluate the necessity for these increased rates in 2026.
|
Fiscal Year |
Member Rate |
Employer Rate |
State Rate |
|
2026 |
8.53% |
5.12% |
3.41% |
|
2027 |
8.53% |
5.12% |
3.41% |
|
2028 |
8.66% |
5.20% |
3.46% |
|
2029 |
8.80% |
5.28% |
3.52% |