The 2023 Annual Report is here
The 2023 Annual Comprehensive Financial Report (ACFR) reflects our on-going commitment to accurate and transparent financial reporting of the retirement systems. It contains the following detailed information:
- Financial statements and highlights
- DRS membership
- Employer participation
- Investment performance and policy
- Financial trends
- Demographics
- Operations
- Funding policy and progress
- Actuarial assumptions and methods
DRS’ 2022 ACFR has been recognized with a certificate of achievement from the Government Finance Officers Association (GFOA). This was the 29th consecutive year DRS earned the highest form of recognition in governmental accounting and financial reporting. For more, read the GFOA announcement.
Financial information for employers
The 2023 Participating Employer Financial Information (PEFI) is now available. It includes allocation schedules and information to help employers participating in the state of Washington’s multiple-employer, cost-sharing retirement plans. The data assists DRS participating employers with preparing and presenting financial information in compliance with the requirements of the Governmental Accounting Standards Board (GASB).
Where to find previous reports
The financial reporting page includes links to reports published in the last few years. You can request previous ACFRs and PEFIs from the Washington State Library. Online versions of the ACFRs include volumes 2002-2020. See the PEFIs here. For volumes that aren’t available online, contact the Washington State Library.
Recent news
Many retirees, especially early in their retirement, find that they need to increase the amount of tax withholdings...
When it comes to your retirement plan, have you seen these acronyms?
The Office of the State Actuary prepared this example to assist DRS with developing a general educational resource.
