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Plan 2/3 teachers and school employees ask: What's the best retirement month for me?

10-Jan-2020

When it comes to retirement planning, teachers and school employees in Plans 2 and 3 often ask whether it’s better to retire in July (when you stop working) or in September (when your contract end...

1099-R tax form available online Jan. 23

03-Jan-2020

Looking for your 1099-R form for tax purposes? Beginning Jan. 23 you can access it by signing in to your retirement account (/oaa) and then selecting the 1099R link from the main menu. From there ...

Retirement service credit and Paid Family Medical Leave

30-Dec-2019

With the upcoming launch of Washington’s new Paid Family Medical Leave Program (PFML) on January 1, DRS is being asked whether members of the state’s retirement systems will earn service credit if...

New administrative factors take effect in October 2020

12-Dec-2019

Administrative factors used by the Department of Retirement Systems to calculate benefit adjustments will be changing next October. The changes, proposed by the Office of the State Actuary, were r...

State employees – be sure to use a personal email address for your online retirement account

09-Dec-2019

More than 16,000 state employees have registered an agency email address (wa.gov) for their online retirement account with the Department of Retirement Systems. If you’re one of these employees, w...

Notice to DRS Members – Public Records Request UPDATED

04-Dec-2019

Update: Under a temporary injunction issued by the Thurston County Superior Court on Dec. 27, 2019, DRS will not release any of the information about public employees that was requested by the Fr...

Changes coming to the lineup of Plan 3, DCP Retirement Strategy Funds

03-Dec-2019

A new Retirement Strategy Fund (RSF) is coming to the lineup of investment options in Plan 3 and the Deferred Compensation Program (DCP). The most recent addition – the 2065 Retirement Strateg...

Save more with DCP in 2020

02-Dec-2019

With the approach of the new year, it’s a great time to evaluate your Deferred Compensation Program contributions. Are you saving enough to meet your retirement goals? The IRS has increased t...

Coming soon: Enhanced security for accessing your DRS online account

12-Nov-2019

The Department of Retirement Systems is adopting an additional security measure to safeguard your online retirement account. This enhancement, known as multi-factor authentication (MFA), provides ...

New PERS, SERS and PSERS annuity purchase option coming Jan. 1

25-Oct-2019

Starting Jan. 1, 2020, retiring members of PERS, SERS and PSERS will have the option to purchase an annuity with investments managed by the Washington State Investment Board. Previously, this pens...

Return-to-work rules have changed for TRS and SERS retirees who use the 2008 Early Retirement Factor

09-Sep-2019

Effective May, 8, 2019, the rules for using the 2008 Early Retirement Factors (ERF) have changed. If you’re a retiree of Plan 2 or 3 of the Teachers’ Retirement System (TRS) or School Employees’ R...

DRS open for business during building renovation

12-Jul-2019

We’re renovating the DRS building in Tumwater to better serve our customers. During the renovation, DRS is open for business with normal operating hours. Work on the building will continue int...

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