Category Archives: Employer

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…

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…

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…

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…

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.…