Comment period underway for proposed changes to administrative factors

Posted 07-Nov-2019

A 30-day review and comment period is now underway on proposed changes to administrative factors. The comment period will be followed by a public hearing on Tuesday, Dec. 10.

Administrative factors are used by DRS to calculate various types of benefit adjustments. The new factors, proposed by the Office of the State Actuary, are scheduled to take effect Oct. 1, 2020.

Comments on the proposed factors may be submitted by email to drs.rules@drs.wa.gov by 8 am, Dec. 10, 2019, or in person at the public hearing. The public hearing will be held at 9 am, Dec. 10 at the Department of Retirement Systems, 6835 Capitol Boulevard, Room 115, Tumwater, WA 98501.

Additional information on the proposed factors is available in this recent article and on the Administrative Factors webpage.

If you have questions about the factors, please contact DRS.


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