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.
When TRS Plan 3 was initially qualified by the IRS, TRS Plan 3 members could change their contribution rate each January beginning in 2004. However, the IRS changed its position by 2005, when SERS and PERS Plan 3 were qualified. Members of those plans were not allowed rate flexibility, and when the IRS re-qualified TRS Plan 3 in 2013, it was on the condition that January rate flexibility end in 2015.
The Washington State Legislature passed Senate Bill 6321, ending the option of an annual TRS Plan 3 rate flexibility window, to comply with the re-qualification. After January 2015, TRS Plan 3 members may only change contribution rates when they change employers. If you are a TRS Plan 3 member and would like to take advantage of the final rate change flexibility period in January 2015, you will need to complete a TRS Plan 3 Contribution Rate Change Form and turn it in to your employer between January 1 and 31.
If you contribute to the Deferred Compensation Program, keep in mind that you can change DCP contributions at any time – changes take approximately 30 days to go into effect. DCP is a voluntary retirement savings account that allows for contribution flexibility. Check with your employer to see if they offer DCP.