DRSN e08-017, 2008 Early Retirement Factors and Retirees Update

DRS Notice

  • Notice No.: 08-017
  • Date: 09-15-08
  • Applies to: Employers
  • Subject: 2008 Early Retirement Factors and Retirees Update

Note: This is an update to DRS Email 08-014, 2008 Early Retirement Factors and Retirees sent on August 7, 2008.

We have received a great deal of feedback regarding the challenges you face implementing the new post-retirement employment restrictions for individuals who retire under the new early reduction factors. We have been presented with some scenarios that we believe were not adequately addressed in the guidance we provided to you. We are in the process of reassessing the instructions in our prior notification and are developing additional guidance that we believe will address the feedback and various challenging scenarios that have been presented to the Department. Our goals with the new guidance will be to provide a simpler process that will more closely align with the intent of the new legislative provisions.

We would like to thank you for your comments and input. We will send the follow up information as soon as it is available.

Should you have questions, please reply to this message or call Employer Support Services at (360) 664-7200 (press option 2) or 1-800-547-6657 (press option 6 then option 2).

Questions?

If you have any questions regarding this DRS Notice, please contact Employer Support Services at (360) 664-7200, option 2, or 1-800-547-6657, option 6, option 2; or email us.


George Pickett
Assistant Director of Administrative Services

Communications