Washington § 41.45.150 - Unfunded liabilities — Employer contribution rates.
Full text of Washington Revised Code of Washington § 41.45.150 — Unfunded liabilities — Employer contribution rates., with citation guidance and answers to common questions.
§ 41.45.150. Unfunded liabilities — Employer contribution rates.
(1) Beginning July 1, 2015, and ending June 30, 2023, a minimum 3.50 percent contribution is established as part of the basic employer contribution rate for the public employees' retirement system and the public safety employees' retirement system, to be used for the sole purpose of amortizing that portion of the unfunded actuarial accrued liability in the public employees' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009.
(2) Beginning September 1, 2015, and ending August 31, 2023, a minimum 3.50 percent contribution is established as part of the basic employer contribution rate for the school employees' retirement system, to be used for the sole purpose of amortizing that portion of the unfunded actuarial accrued liability in the public employees' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009.
(3) Beginning September 1, 2015, and ending August 31, 2023, a minimum 5.75 percent contribution is established as part of the basic employer contribution rate for the teachers' retirement system, to be used for the sole purpose of amortizing that portion of the unfunded actuarial accrued liability in the teachers' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009.
(4)(a) Beginning July 1, 2023, and ending June 30, 2029, the following employer contribution rates shall be in effect for the public employees' retirement system and the public safety employees' retirement system that is used for the sole purpose of amortizing that portion of the unfunded actuarial accrued liability in the public employees' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009.
Fiscal Year ending: | |||||
2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
2.50% | 2.00% | 0.00% | 0.00% | 0.00% | 0.00% |
(b) Beginning July 1, 2029, a minimum 0.50 percent contribution is established as part of the basic employer contribution rate for the public employees' retirement system and the public safety employees' retirement system, to be used for the sole purpose of amortizing any portion of an unfunded actuarial accrued liability in the public employees' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009. This minimum contribution rate shall be in effect when the actuarial value of assets in plan 1 of the public employees' retirement system is less than 100 percent of the actuarial accrued liability.
(5)(a) Beginning September 1, 2023, and ending August 31, 2029, the following employer contribution rates shall be in effect for the school employees' retirement system that is used for the sole purpose of amortizing that portion of the unfunded actuarial accrued liability in the public employees' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009.
Fiscal Year ending: | |||||
2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
2.50% | 2.00% | 0.00% | 0.00% | 0.00% | 0.00% |
(b) Beginning September 1, 2029, a minimum 0.50 percent contribution is established as part of the basic employer contribution rate for the school employees' retirement system, to be used for the sole purpose of amortizing any portion of an unfunded actuarial accrued liability in the public employees' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009. This minimum contribution rate shall be in effect when the actuarial value of assets in plan 1 of the public employees' retirement system is less than 100 percent of the actuarial accrued liability.
(6)(a) Beginning September 1, 2023, and ending August 31, 2029, the following employer contribution rates shall be in effect for the teachers' retirement system that is used for the sole purpose of amortizing that portion of the unfunded actuarial accrued liability in the teachers' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009.
Fiscal Year ending: | |||||
2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
0.50% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
(b) Beginning September 1, 2029, a minimum 0.50 percent contribution is established as part of the basic employer contribution rate for the teachers' retirement system, to be used for the sole purpose of amortizing any portion of an unfunded actuarial accrued liability in the teachers' retirement system plan 1 that excludes any amounts required to amortize plan 1 benefit improvements effective after June 30, 2009. This minimum contribution rate shall be in effect when the actuarial value of assets in plan 1 of the teachers' retirement system is less than 100 percent of the actuarial accrued liability.
(7) Upon completion of each biennial actuarial valuation, the state actuary shall review the appropriateness of the minimum contribution rates and recommend to the council any adjustments as may be needed due to material changes in benefits or actuarial assumptions, methods, or experience. Any changes adopted by the council shall be subject to revision by the legislature.
[ 2025 c 381 s 5; 2023 c 396 s 1; 2011 c 362 s 8; 2010 1st sp.s. c 26 s 7; 2009 c 561 s 5; 2006 c 365 s 2.]
Notes
Effective date—2025 c 381: See note following RCW 41.45.035.
Effective date—2023 c 396: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect June 30, 2023." [ 2023 c 396 s 3.]
Finding—Intent—Effective date—2011 c 362: See notes following RCW 41.32.483.
Effective date—2009 c 561: See note following RCW 41.45.010.
Effective date—2006 c 365: See note following RCW 41.45.020.
Source: official Washington text · Last verified 2026-08-27
Frequently Asked Questions About Washington § 41.45.150
What does Revised Code of Washington § 41.45.150 cover?
Section 41.45.150 ("Unfunded liabilities — Employer contribution rates.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Washington § 41.45.150?
A common citation format is "Revised Code of Washington § 41.45.150" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Washington law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.
How does Washington § 41.45.150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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