Notice No: 23-008Date: 7/21/23Applies to: State Agencies, Institutions of Higher EducationSubject: DRS Notice 23-008, Retiree Return-to-Work (RRTW) Rule Changes per SSB 5538 Retirees of the Public Employees’ Retirement System (PERS) and Public Safety Employees’ Retirement System (PSERS) can return to work in a non-administrative, licensed nursing position at a state agency or institution of higher…
Category Archives: Employer
DRS Notice 23-007, Preparing for October DCP Roth Option
Notice: 23-007Date: July 6, 2023Applies to: All DCP EmployersSubject: DRS Notice 23-007, Preparing for October DCP Roth Option Effective October 1, DCP will include a Roth option. Customers will be able to choose between pretax and Roth contributions, or a combination of both when saving through DCP. Pretax contributions are made before taxes, and tax…
DRS Email 23-006, Reporting Accurate Separation Dates and Using a Retirement Checklist
Date: June 30, 2023Notice: 23-006Applies to: All EmployersSubject: Understanding and reporting accurate separation dates for your retiring employees is crucial. To separate from service means a member has terminated all employment with their employer (WAC 415-02-115). The separation date is the last day the employee worked or was on leave such as vacation, administrative or…
DRS Notice 23-005, Contribution Rate Changes for PERS and PSERS
Date: May 24, 2023Notice: 23-005Applies to: All EmployersSubject: DRS Notice 23-005, Contribution Rate Changes for PERS and PSERS Pension contribution rates The contribution rates presented in the charts below are effective July 1, 2023. Following the 2023 legislative session and based on the passage of ESSB 5294 – Concerning actuarial funding of state retirement systems,…
DRS Notice 23-004, Separation Dates for DRS and SEBB
Date: May 17, 2023Notice 23-004Applies to: School Districts, Charter Schools, Tribal Schools, Educational Service DistrictsSubject: DRS Notice 23-004, Separation Dates for DRS and SEBB As an employer, it’s important to know how the separation date reported to DRS affects your employees’ health insurance options in retirement. The timing of their resignation, and how and when…
DRS Notice 23-003, Roth Update for DCP Employers – Action Needed
Notice NO: 23-003Date: February 3, 2023Applies to: All DCP EmployersSubject: DRS Notice 23-003, Roth Update for DCP Employers – Action Needed Effective October 1, 2023, DCP will include a Roth option. Please complete the following actions based on your DCP payroll reporting. Interactive reporting: Upload reporting: State agencies or HRMS reporting: DRS is working directly…
DRS Notice 23-002, Elected or Governor-Appointed Officials: Membership Enrollment and Reporting Requirements
Notice No: 23-002Date: January 30, 2023Applies to: All EmployersSubject: DRS Notice 23-002, 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 Email 23-001, Plan 3 January Transfer Opportunity
Notice No: 23-001Date: Jan. 5, 2023Applies to: All EmployersSubject: DRS Email 23-001, Plan 3 January Transfer Opportunity A quick reminder that your eligible Plan 2 members have the opportunity each January to transfer to Plan 3. They must sign, date and turn in the Member Transfer Form to you by Jan. 31. For more information about who…
DRSN 08-019, HEART Act of 2008 – Differential Wage Payments
DRS Notice HEART Act of 2008 – Differential wage payments H.R. 6081, The Heroes Earnings Assistance and Relief Tax (HEART) Act of 2008, was passed by Congress in May 2008. The HEART Act provides tax benefits and incentives to military personnel. Beginning in January 2009, differential wage payments for retirement plan purposes are now reportable.…
