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Washington State DRS – IRS Form W-4P

From DRS – The IRS has published its Form W-4P (Withholding Certificate for Pension or Annuity Payments) for 2018. The form is available directly from the IRS website or via the DRS website.

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Annual Retirement Statements Now Available

Annual retirement statements for 2017 are now available for active members of the retirement systems listed below or inactive Public Employees’ Retirement System members who work for an education employer. (Annual statements for education employees were issued last November.) Public Employees’ Law Enforcement Officers’ and Fire Fighters’ Washington State Patrol Judicial Public Safety Employees’ To view your statement, simply log …

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Retirees, new IRS tax withholding tables may affect your pension amount

Each year the Internal Revenue Service provides DRS with tables used to calculate the tax withheld from your pension benefit. If your net pension amount changes in 2018, it is likely due to the updated tax tables. Your online retirement account includes tools to calculate and update your IRS withholding. You’ll find a link to the IRS Withholding Calculator under “Other” in the …

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Cost-of-Living Adjustments – 2017

Cost-of-Living Adjustments (COLAs) have been set for 2017. COLAs for all plans take effect July 1. The tables below show the new COLAs based on your retirement date and plan. COLAs are based on changes in the Consumer Price Index for the Seattle-Tacoma-Bremerton area. For more information about COLAs, visit the Frequently Asked Questions page. COLAs for PERS, SERS and TRS Plans 2 …

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