Benefit Improvement Account Survey

Last Legislative session there was a bill moving $300 million dollars from the LEOFF 2 fund to the LEOFF 2 Benefit Improvement Account. Now, the LEOFF 2 Board will study what to do with those funds and when. In order to provide input to the Board, LEOFF 2 Stakeholders have… Continue Reading Benefit Improvement Account Survey

2019 Cost of Living Adjustments

Each year, the Office of the State Actuary calculates the LEOFF Plan 2 Cost-of-Living-Adjustments (COLAs) at the request of the Department of Retirement Systems. Here are the 2019 results: For additional information, read the full report. Remember, because of COLA banking, your retirement date has little to no impact on… Continue Reading 2019 Cost of Living Adjustments

Audit Results Show LEOFF 2 Board Doing Well

The LEOFF Plan 2 Board recently hired the Washington State Auditor’s office to conduct the Board’s annual financial audit for the fiscal year ending June. 2018. The findings of this audit were presented at the November 28, 2018 Board meeting. A clean opinion was given. “It is apparent to our… Continue Reading Audit Results Show LEOFF 2 Board Doing Well

LEOFF 2 Receives Funding Award Fourth Consecutive Year

The LEOFF Plan 2 Retirement Board has received the 2018 Recognition Award for Funding from the Public Pension Coordinating Council (PPCC). The (PPCC) is a coalition of three national associations that include more than 500 of the largest pension plans in the United States serving most of the nation’s 16… Continue Reading LEOFF 2 Receives Funding Award Fourth Consecutive Year

Update: Open Enrollment Extended for Life Insurance Offering

The National Conference on Public Employee Retirement Systems (NCPERS) Public Employee Financial Protection Plan has extended open enrollment period. Active members can now apply through November 30, 2018. This unique life insurance offering is designed specifically for public employees, and especially, public safety professionals. It has been offered to public… Continue Reading Update: Open Enrollment Extended for Life Insurance Offering

DRS Reports Fraudulent Emails

Reposted from the Department of Retirement Systems The Department of Retirement Systems has learned that some public employees are receiving a fraudulent email that purports to be from DRS. The subject of the email is “Effective Immediately: Changes to Pay Schedule and DCP/PERS/SERS/TRS Contribution Limits for 2018.” This email did… Continue Reading DRS Reports Fraudulent Emails