![]() The formula is:Ģ% X service credit years X average final compensation (AFC). This means an individual's retirement benefit is defined by a formula. Employees hired on or after March 1, 2002, choose between PERS Plan 2 or PERS Plan 3. ![]() Most state employees are members of the Washington Public Employees’ Retirement System (PERS). Long-term disability insuranceĮligible employees receive basic Long-Term Disability (LTD) coverage. Employees may choose to purchase additional LTD coverage which provides up to sixty percent of their monthly salary (following a waiting period selected by the employee). For more information visit the Public Employees Benefits Board. Employees may choose to purchase additional AD&D insurance for dependents. For more information visit the Public Employees Benefits Board. In addition, the state provides basic coverage for Accidental Death & Dismemberment (AD&D) insurance. Life insurance for a spouse or qualified domestic partner is also available. Life and accidental death & dismemberment InsuranceĮligible employees are provided with basic term life insurance, and may purchase supplemental insurance. ![]() Dental premiums are fully paid by the employer. For more information visit the Public Employees Benefits Board.
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