Tuesday, May 24, 2022
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DRS News

DRS News: Reduced days/hours for onsite customer services

Effective Tuesday, March 17, the Department of Retirement Systems will be on a reduced schedule for in-person customer services at the agency’s building in Tumwater. Visitor service hours will be limited to 9 am to 1 pm Tuesdays, Wednesdays and Thursdays. In-person visitor services will not be available Mondays and Fridays. For additional information, see DRS’ response to COVID-19. For all …

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Washington State DRS – Pension-Related Legislation

From the Department of Retirement Systems The list of pension-related bills introduced for the 2020 legislative session has been updated with the following: SB 6125 – Concerning post retirement work in an elected city or county council position. SB 6165 – Providing a benefit increase to certain retirees of the Public Employees’ Retirement System Plan 1 and the Teachers’ Retirement System Plan 1. …

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1099-R tax form available online Jan. 23

From the Department of Retirement Systems Looking for your 1099-R form for tax purposes? Beginning Jan. 23 you can access it by signing in to your retirement account and then selecting the 1099R link from the main menu. From there you can view it or print a copy. Hard copies of the form will be mailed by the end of January. For …

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New administrative factors take effect in October 2020

From DRS 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 recently adopted by DRS following a comment period and a public hearing. The new factors will take effect Oct. 1, 2020. In addition to benefit adjustment calculations, the factors …

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