Category Archives: Employer

DRS Notice 24-008Date: April 12, 2024Applies to: All DCP EmployersSubject: DRS Notice 24-008, Secure Act 2.0 Changes DCP Deferral Timing The Department of Retirement Systems will soon begin the process to update the system that handles Deferred Compensation Program deferrals. We’re making this change as part of the Secure Act 2.0 law, whose purpose is…

DRS Notice: 24-007Date: April 08, 2024Applies to: All PERS EmployersSubject: DRS Notice 24-007, Letter and Form for Transferring Eligible PERS Public Safety Telecommunicators into Public Safety Officers’ Retirement System (PSERS) Plan 2 Please note: We are emailing this notice to only the primary main contact for each employer. If this is not part of your responsibilities,…

Date: March 22, 2024Applies to: School DistrictsSubject: DRS Notice 24-006, Clarification of TRS Return to Work Rules and Type Code Changes Effective Jan. 1, 2024, there are new Type Codes required for reporting certain retirees who have returned to work per legislation in effect March 23, 2022 — July 1, 2025. Here are the changes: Reporting an inaccurate…

Date: February 23, 2024Applies to: DCP EmployersSubject: DRS Notice 24-005, Deferred Compensation Program (DCP) Reporting Reminders We wanted to bring to your attention a few reporting reminders for DCP. Change ReportThe Deferral Change Report advises the employer of changes to DCP deductions. Do not start, stop, increase or decrease an employee’s deferral until the change…

Notice No: 24-004Date: February 22, 2024Applies to: All EmployersSubject: DRS Notice 24-004, Elected or Governor-Appointed Officials: Membership Enrollment and Reporting Requirements Do not automatically enroll an elected official into a Department of Retirement Systems (DRS) plan.* Please direct newly elected or governor-appointed officials to the Elected or Governor-Appointed Official webpage on the DRS website (under…

DRS Notice 24-003Date: February 5, 2024Applies to: All PERS EmployersSubject: DRS Notice 24-003, FAQ Update for Telecommunicators Legislation: Public Safety Officers’ Retirement System (PSERS) Plan 2 Legislation We’ve updated the Frequently Asked Questions (FAQ) document that is linked to DRS Notice 24-002 and was posted on Jan. 24, 2024: Some PERS Public Safety Telecommunicators Eligible…

DRS Notice 24-002Date: January 24, 2024Applies to: All PERS EmployersSubject: DRS Notice 24-002, Some PERS Public Safety Telecommunicators Eligible for PSERS Plan 2 beginning June 1, 2024 A new law will take effect June 1, 2024, that expands the definition of Public Safety Employees’ Retirement System (PSERS) employers to include Public Employees’ Retirement System (PERS)…

DRS Notice 24-001Date: January 23, 2024Applies to: All EmployersSubject: DRS Notice 24-001, Insert for New Hire Plan Choice Booklets This notice is regarding the printed plan choice booklets for new hires in PERS, SERS and TRS. We have an updated insert available for Plan Choice Booklets published June 2023, and earlier. Effective Jan. 1, 2024,…

DRS Notice 23-020Date: November 20, 2023Applies to: All EmployersSubject: DRS Notice 23-020, Secure Access Washington (SAW) warning Washington Technology Solutions (WaTech) has notified state agencies that Washingtonians who use the Secure Access Washington (SAW) portal to access state services should be on the lookout for spoofed (fake) internet ads that pretend to be government links…

DRS Notice 23-019Date: October 20, 2023Applies to: All DCP EmployersSubject: DRS Notice 23-019, Roth Option Now Available in DCP Roth is now live for all Deferred Compensation Program (DCP) customers. You could start seeing Roth deferral changes for your employees on your deferral change report soon. How do employees add Roth? Current DCP participants can…