Pension contribution rates to increase

Pension contribution (payroll deduction) rates for defined-benefit PERS plans will increase about a quarter of a percent, to make sure the plan is adequately funded. The employer contribution is also increasing, which will be a $390 million hit to the budget over the next biennium.

The payroll deduction does not affect PERS-3 members, who don't contribute to their (smaller) defined-benefit pensions.

http://www.theolympian.com/2012/07/25/2185921/state-pension-costs-going-...