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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

04-Dec-2019

The Department of Retirement Systems has received a public records request regarding information about members of the state’s retirement systems. The request asks for certain items of information ...

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...

It's National Retirement Security Week!

21-Oct-2019

Oct. 20-26 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...

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...

Notice to retirees – recurring public records request

12-Jul-2019

The Department of Retirement Systems has received a public records request for information about individuals who retired from a DRS-administered retirement system. The request is from the Reti...

July 1 fee updates for Plan 3 and DCP

14-Jun-2019

Effective July 1, 2019, the administrative and investment management fees the Washington Investment Board (WSIB) charges to Plan 3 accounts and the Deferred Compensation Program (DCP) will increas...

New member contribution rates become effective in July and September

23-May-2019

Member contribution rates for the 2019-2021 biennium have been approved by the Legislature. They become effective on July 1, 2019 and Sept. 1, 2019, depending on your system and plan. You can see ...

Notice to retirees – public records requests

05-Apr-2019

The Department of Retirement Systems has received two public records requests for information about individuals who retired from a DRS-administered retirement system. After a thorough review, ...

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

28-Mar-2019

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...

Notice to retirees - public records request

15-Mar-2019

The Department of Retirement Systems has received a public records request for information about individuals who have retired from a DRS-administered retirement system. A copy of the request is av...

COLA rates established for 2019

14-Mar-2019

Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans have been established for 2019. LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-Apr...

Give your retirement an annual checkup

28-Jan-2019

The start of the new year is a great time to check your service credit balance and contributions in your online retirement account. Simply log in (/oaa) to view your contribution totals. Select “P...

1099-R tax form available online Jan. 24

11-Jan-2019

Looking for your 1099-R form for tax purposes? Beginning Jan. 24 you can access it by signing in to your retirement account (/oaa/) and then selecting the 1099R link from the main menu. From there...

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