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Plan 2/3 teachers and school employees ask: What's the best retirement month for me?


When it comes to retirement planning, teachers and school employees in Plans 2 and 3 often ask whether it’s better to retire at the end of June (when they stop working) or in September (when their...

COLA rates established for 2018


Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans have been established for 2018. LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-Apr...

Plan 3 and DCP customers: New account tools and features coming April 26, 2018


At DRS, your retirement success is important to us. To better serve you, we are upgrading many of the tools and resources we offer. On April 26, your Plan 3/Deferred Compensation Program online ac...

Annual retirement statements now available


Annual retirement statements for 2017 are now available for active members of the retirement systems listed below or inactive Public Employees’ Retirement System members who work for an education ...

Retirees, new IRS tax withholding tables may affect your pension amount


Each year the Internal Revenue Service provides DRS with tables used to calculate the tax withheld from your pension benefit. If your net pension amount changes in 2018, it is likely due to the up...

1099-R tax form available online Jan. 20


Retired and looking for your 1099-R form for tax purposes? Beginning Jan. 20 you can access it by signing in to your retirement account (http://www.drs.wa.gov/oaa/) and then selecting the "1099R" ...