DRS is sending you this bulletin to provide notice of pending administrative factor changes for members who are planning to retire beginning September 2013. These administrative factor changes were recommended by the Office of the State Actuary (OSA) and adopted by DRS in December 2012.
Employees who are planning to retire in either September or October this year should review the Summer 2013 edition of the Retirement Outlook or the DRS website to read an article about the administrative factors. It’s important that employees who are considering a retirement from September through October, understand how the new administrative factors could affect their pension benefits.
For more information about the administrative factors, ask your employees to see the Administrative Factors page on the DRS website.
Please forward this Retirement Outlook link to your agency's active plan members.
To ensure you are able to distribute copies to staff that do not have Internet access, we will follow this e-mail with a small number of paper copies in the next few weeks.
Should you have questions, please reply to this notice or call Employer Support Services at 360-664-7200 (option 2) or 1-800-547-6657 (option 6 then option 2).