COLA vs benefit indexing

Your pension is designed to grow over time to help keep up with inflation. All Plan 2 and Plan 3 retirees are eligible for a cost-of-living adjustment (COLA) every July. However, only Plan 3 and LEOFF 2 members can qualify for benefit indexing, which helps your pension grow with inflation before you retire. Here are…

Do you have pension funds you don’t know about?

That might sound like an unnecessary question but read on to see why we’re asking. Our Retirement Specialists take calls from DRS customers who are often unaware they have retirement funds waiting for them in their accounts. There are several reasons this happens: Imagine her surprise Melissa is a Retirement Specialist at DRS who loves…

Pension payment schedule for 2025

Mark your calendar – the new schedule is here! DRS issues pension payments on the last business day of each month. Please note: the date you receive your payment will depend on your financial institution. 2025 pension payment schedule Jan 31              Feb 28             Mar 31             Apr 30 May 30            Jun 30              Jul…

Is it a bear or a bull?

Understanding the market’s animal-like behavior You’ve most likely heard the words “bear” and “bull” when the topic of the stock market comes up. But what do they mean when applied to investing and saving for retirement? These symbolic animals, known for their strength and stubbornness, are used to represent market volatility; bear markets fall, and…

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