Retirees: Get Your 1099-R Online

Retired and looking for your 1099-R form for tax purposes? Beginning January 20, you can access your 1099-R by signing in to your retirement account and then selecting the 1099-R link on the left side of the page. From there you can view it or print a copy. In the meantime, the… Continue Reading Retirees: Get Your 1099-R Online

Video – Nationwide Plan Comparison: How does LEOFF 2 Stack Up?

An evaluation of LEOFF Plan 2 compared to 160 other state plans shows LEOFF 2 is one of the top plans nationwide. LEOFF 2 is a solid, competitive pension system. It is also one of the best funded, safeguarding your retirement for years to come. Learn more by watching this… Continue Reading Video – Nationwide Plan Comparison: How does LEOFF 2 Stack Up?

Video – Working After LEOFF Retirement

LEOFF 2 members are eligible for retirement at age 53, much earlier than most Americans. This poses a problem for some individuals – what will they do for health insurance until Medicare kicks in? Some members choose to return to work and there are pension rules surrounding this topic. In… Continue Reading Video – Working After LEOFF Retirement

The 2017 Legislature Wraps up 3rd Special Session

Yesterday marked the end of the 2017 Legislative Session. Legislators concluded by passing the 2017-19 fiscal biennium operating budget. The budget included full contribution rates as adopted by the Board, canceled the alternate revenue payment due to the Benefit Improvement Account, and requires employers to pay both state and employer… Continue Reading The 2017 Legislature Wraps up 3rd Special Session

Video – Important Social Security Information for Public Employees

The LEOFF 2 Board recently released two videos regarding Social Security offsets. These resources help provide explanation on how offsets may impact LEOFF members at the time of retirement. Two public pension offsets exist for public service employees who receive pensions that are based on earning NOT covered by Social… Continue Reading Video – Important Social Security Information for Public Employees

DRS Adds “Benefit Summits” for Early to Mid Career Members

The Department of Retirement Systems offers live Benefits Summit events for early- and mid-career members. The summits are held throughout Washington and we are always adding more locations! The summits offer a great way to find out more about your retirement plan and benefits: Plan basics like how your benefit is calculated… Continue Reading DRS Adds “Benefit Summits” for Early to Mid Career Members