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Save more with DCP in 2019

03-Dec-2018

The IRS has increased the amount you can save for retirement through the Deferred Compensation Program (DCP). To ensure you are meeting your retirement goals, in 2019, you can increase your contri...

It's National Retirement Security Week!

19-Oct-2018

Oct. 21-27 is National Retirement Security Week here in Washington and across the country. This week has been set aside to encourage you to check on how you're progressing toward your retirement g...

Looking ahead: Contribution rate changes coming in mid-2019

19-Sep-2018

Member and employer contribution rates for Washington's retirement systems are established every two years. Rates for most of the retirement plans are approved by the Washington State Pension Fund...

September supplemental contribution rate changes for members of PERS 2, PSERS 2, WSPRS 1/2

31-Jul-2018

As a result of pension-related legislation approved earlier this year, supplemental contribution rate changes for members of the following retirement plans will take effect Sept. 1, 2018: Publi...

PERS 1, TRS 1 one-time benefit increase takes effect in July

31-May-2018

As a result of legislation approved earlier this year, certain retirees in Plan 1 of the Public Employees’ Retirement System and Plan 1 of the Teachers’ Retirement System (PERS 1 and TRS 1) will r...

ALERT: Fraudulent email

30-May-2018

The Department of Retirement Systems has learned that some public employees are receiving a fraudulent email that purports to be from DRS. The subject of the email is “Effective Immediately: Chang...

Scheduled maintenance for DRS website Friday, May 11

08-May-2018

The DRS website will be temporarily unavailable for a scheduled maintenance Friday, May 11 beginning at 5:30 pm PT. We expect the maintenance to conclude within a few hours, but no later than 5 pm...

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

27-Mar-2018

When it comes to retirement planning, teachers and school employees in Plans 2 and 3 often ask whether it’s better to retire at the end of June (when they stop working) or in September (when their...

COLA rates established for 2018

09-Mar-2018

Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans have been established for 2018. LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-Apr...

Plan 3 and DCP customers: New account tools and features coming April 26, 2018

05-Mar-2018

At DRS, your retirement success is important to us. To better serve you, we are upgrading many of the tools and resources we offer. On April 26, your Plan 3/Deferred Compensation Program online ac...

Annual retirement statements now available

28-Feb-2018

Annual retirement statements for 2017 are now available for active members of the retirement systems listed below or inactive Public Employees’ Retirement System members who work for an education ...

Retirees, new IRS tax withholding tables may affect your pension amount

17-Jan-2018

Each year the Internal Revenue Service provides DRS with tables used to calculate the tax withheld from your pension benefit. If your net pension amount changes in 2018, it is likely due to the up...

1099-R tax form available online Jan. 20

11-Jan-2018

Retired and looking for your 1099-R form for tax purposes? Beginning Jan. 20 you can access it by signing in to your retirement account (http://www.drs.wa.gov/oaa/) and then selecting the "1099R" ...