Monday, December 6, 2021
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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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Cost-of-Living Adjustments (COLAs) for 2019

From the Department of Retirement Systems COLA Percentages – 2019 Posted 3-14-2019 Cost-of-Living Adjustments (COLAs) have been set for 2019. COLAs will take effect July 1, 2019 and will be reflected in end-of-July benefit payments. The tables below show the 2019 COLA percentages based on your retirement date and plan. (Looking for COLAS from the previous year? See the 2018 COLA percentages table.) Most …

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

From Department of Retirement Systems 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 receive a one-time benefit increase in July of this year. Under the law (SSB 6340), eligible PERS 1 and TRS 1 …

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

From the Department of Retirement Systems – 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 receive a one-time benefit increase in July of this year. Under the law (SSB 6340), eligible PERS 1 and …

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