Category Archives: Employer

DRS Notice 24-013Date: June 07, 2024To: DCP Autoenroll EmployersSubject: DRS Notice 24-013, Process for members who opt out of DCP auto enrollment. Reminder – do not refund DCP contributions to an employee who desires to opt out of DCP after being auto enrolled. If an employee chooses to opt out of participation in DCP and…

DRS Notice 24-012Date: May 31, 2024Applies to: LEOFF Employers Who Employ Law Enforcement OfficersSubject: DRS Notice 24-012, LEOFF Membership Expanded to Include Less Than Full-Time Law Enforcement Officers as of July 1, 2024 Beginning July 1, 2024, less than full-time, fully commissioned, fully compensated law enforcement officers are included in Law Enforcement Officers’ and Fire…

Date:   May 21, 2024Applies to: All EmployersSubject: DRS Notice 24-011, Contribution Rate Changes for PERS and PSERS Pension contribution rates The contribution rates presented in the charts below are effective July 1, 2024. Contribution rate changes for PERS and PSERS based on ESSB 5294 – Concerning actuarial funding of state retirement systems are listed below. On or before…

DRS Notice 24-010Applies to: All PERS EmployersSubject: DRS Notice 24-010, PSERS Reporting is Ready for Qualified Public Safety Telecommunicators The employer reporting system in ERA is ready to support adding PERS-qualified public safety telecommunicators into Public Safety Employees’ Retirement System (PSERS). Your PERS Plan 2 or 3 employees who are existing public safety telecommunicators and…

DRS Notice 24-009Date: May 16, 2024Applies to: All DCP EmployersSubject: DRS Notice 24-009, DCP Deferral System Changes Are Complete DRS has updated the system that handles the timing of Deferred Compensation Program deferrals. Deferrals for new voluntary enrollments and deferral changes for established participants will take place as soon as administratively possible instead of the…

The Legislature passed a bill in 2023 that amends RCW 42.56.250 of the Public Records Act to create a new public records exemption regarding information about certain employees: Although this protection does not apply to requests from news media entities, it is still an important step in safeguarding information about these employees. DRS frequently receives very broad public records…

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…