Thursday, October 21, 2021
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DRS News

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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DRS to reduce customer service availability to manage furloughs, workload

DRS to reduce customer service availability to manage furloughs, workload The Department of Retirement Systems will reduce customer service availability and implement closure days beginning next week due to mandatory furloughs of team members and high seasonal volumes of retirement processing. Learn more about these upcoming service impacts.  

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