Tuesday, March 19, 2024

DRS News

COLA rates established for 2024

COLA rates established for 2024 A cost-of-living adjustment (COLA) is an annual adjustment applied to your retirement income to reflect changes in the economy (inflation). Most DRS retirement plans offer a COLA, but Plan 1 members in PERS and TRS only have a COLA if they selected it during retirement. View the 2024 COLA percentages by retirement date and plan. When …

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Access your 1099-R starting Jan. 24

From the Department of Retirement Systems: Looking for your 1099-R form for tax purposes? Beginning Jan. 24, 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 or print a copy. Hard copies of the form will be mailed by the end of January. For Plan …

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DRS Podcast Episodes for Retirees

From the Department of Retirement Systems: As a retiree, you’ve worked hard to save – and now, you want to know you’re making the best financial decisions. In our latest podcast episodes, we take a deeper look at how to get the most out of Medicare and as well as your pension. We’ve brought in the experts and ask them our burning …

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DRS Seminar for RPEC Members

A presentation by the Washington State Department of Retirement Systems especially for members of RPEC. Presented by Seth Miller, Member Experience Division Assistant Director, and facilitated by Jakob Canup, RPEC Membership Coordinator. This is an opportunity to hear directly from the experts at DRS about topics relevant to you and your pension. DRS manages and administers pensions for our members …

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