Retirees, inactive members, beneficiaries and legal-order payees: You can update your address from your online retirement account. Just select “Address” from the welcome screen. If you need to update your name, fill out and send in a printed form as well as a copy of documentation showing the change.
Active members: Update your name and/or address through your employer. That new information will soon appear in your online retirement account.
Administrative factors set to change October 1, 2013
Administrative factors are used to calculate adjustments in pension benefits. There are several types of benefit adjustments, but the most common are survivor options, early retirement and purchasing service credit.
In December 2012, DRS adopted new administrative factors that take effect October 1, 2013. The new administrative factors are currently available on the Administrative Factors web page to help you determine the most accurate estimate of your benefits.
If you’re considering a September or October 2013 retirement, log in to your account at Online Account Access to compare benefits with both the current and future (as of October 2013) administrative factors. Or you can contact us to request a benefit comparison.
Visit the DRS Administrative Factors web page for more information about administrative factors and how they’re used to calculate benefit adjustments.