ADVISORY – VIRUS ALERT
Posted November 15, 2013
The Department of Retirement Systems has learned that a partner website was infected by a virus that could have been transmitted to computers visiting the site since late Thursday evening (Nov. 14). The website (nwcctc.com) provides streaming video recordings of the DRS “Planning for Retirement” seminars. read more.
Annual retirement statements for education employees available online
Posted November 1, 2013
Your 2013 annual retirement statement is now available. If you’re a member of one of the following retirement systems, just log into your online account. read more.
Challenges to state pension system changes go before the State Supreme Court this week
Posted October 23, 2013
The Washington Supreme Court will hear oral arguments this coming Thursday (Oct. 24) on two lawsuits related to changes in the state’s pension systems. read more.
Gain sharing litigation: ‘Legal certainty’ and the 2008 early retirement factors
Posted October 23, 2013
As the Washington Supreme Court deliberates on legal issues related to gain sharing benefits and provisions for early retirement, questions often arise around what is meant by “legal certainty.” read more.
Your retirement future is happening now: Play The Game of Retirement during NS4RW
Posted October 21, 2013
National Save for Retirement Week, Oct. 20-26, is the perfect time to consider whether you will have enough set aside when you retire to live comfortably. If you haven’t started, play The Game of Retirement now.
Plan 1 attendance declines at DRS retirement seminars
Posted October 9, 2013
As the number of active PERS and TRS Plan 1 members gets smaller, fewer Plan 1 members are attending Department of Retirement (DRS) seminars. This lowered attendance means that DRS will begin reducing the number of seminars in 2014 that feature Plan 1 content for members. read more about online options.
New contribution rate changes for TRS and SERS Plan 2 members
Posted August 29, 2013
TRS and SERS contribution rate changes take effect September 1. For a complete list of contribution rates, visit the contribution rates page.
2,500 and counting
Posted August 2, 2013
A year ago this spring DRS launched the Online Retirement Application (ORA) and so far over 2,500 members have submitted their retirement application with ORA. If your retirement is coming soon, keep in mind that ORA is convenient and easy to use. read more.
Summer active member Retirement Outlook now available
Posted July 25, 2013
The summer edition of the Retirement Outlook newsletter for active members is now available. This includes articles on the gain sharing appeal, administrative factor changes and new contribution rates. Visit the newsletter page to view the current edition and past issues.
Thinking about retiring in September or October 2013?
Posted July 22, 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. read more.
State Supreme Court will hear arguments on gain sharing, automatic increases Oct. 24
Updated July 8, 2013
The Washington State Supreme Court has agreed to accept direct review of litigation over discontinuation of annual benefit increases for retirees from two of the state’s older pension plans — and will hear that case in conjunction with arguments over a separate lawsuit related to gain sharing and early retirement provisions in other pension plans. read more...
New contribution rates change
Posted June 28, 2013
Member contribution rates change July 1 for many DRS plans. read more...
Consumer Alert: Pension “advances”
Posted June 12, 2013
The U.S. Securities and Exchange Commission recently issued an alert to retirees and investors regarding pension income streams, also known as pension loans or pension “advances.” read more...
Supreme Court to hear gain sharing appeal
Posted May 2, 2013
Litigation over gain sharing and early retirement provisions for members of certain state pension plans will be heard by the Washington State Supreme Court. read more...
New COLAs take effect July 1, 2013
New Cost-of-Living Adjustments (COLAs) for PERS, TRS and SERS Plans 2 and 3, PSERS Plan 2, LEOFF Plan 2 and WSPRS Plans 1 and 2 will take effect July 1, 2013. The table below shows the new COLAs based on your retirement date. read more...
New LEOFF Plan 1 COLAs for 2013 take effect April 1
Here’s a list of Cost-of-Living Adjustments (COLAs) for LEOFF Plan 1 retirees that will take effect April 1, 2013 read more...
Posted February 8, 2013
Reviewing your IRS tax withholding has never been easier. We now offer several tools to help you make informed decisions regarding your withholding tax. read more...