Saturday, January 29, 2022
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Looking for your 1099-R form for tax purposes?

From the Department of Retirement Systems: Washington State DRS – 1099-R tax form available online Jan. 22 Looking for your 1099-R form for tax purposes? The forms will be available beginning Jan. 22. You can access it by signing in to your retirement account and then selecting the 1099-R link from the main menu. From there, you can view it or print …

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WSIB Enhances Retirement Strategy Funds

From the Department of Retirement Systems: WSIB Enhances Retirement Strategy Funds This fall, a change is coming to DRS Retirement Strategy Funds (RSFs), which are provided by Washington State Investment Board (WSIB). They will include a new component called the Total Allocation Portfolio (TAP). The TAP includes a broad mix of asset classes including public market investments (public equities and fixed income) plus …

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COLA Percentages – 2021

COLA Percentages – 2021 Posted 3-5-2021 Cost-of-Living Adjustments (COLAs) have been set for 2021. LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. COLAs for all other plans will take effect July 1 and will be reflected in end-of-July benefit payments. Most COLAs are based on changes in the Consumer Price Index for the greater Seattle …

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Governor’s proclamation waiver expired for certain retiree return-to-work restrictions

From DRS: July 1, 2020 Governor Jay Inslee’s proclamation related to the COVID-19 outbreak, which waived return-to-work restrictions for retirees in specific retirement systems and plans, has expired; it was in effect through July 1, 2020. The previous return-to-work laws resumed on July 2. The governor’s proclamation, provided retirees in the Public Employees’ Retirement System (PERS), the Public Safety Employees’ Retirement System …

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