Your 2015 annual retirement account statement is now available from the Department of Retirement Systems (DRS).
Simply log in to your…
News
Jan 28, 2016
It’s a commonly held belief among LEOFF 2 members that they should retire before July 1 in order to maximize the cost of living adjustment (COLA) they will receive. By retiring before July 1, you are eligible to receive your COLA one year sooner…
Jan 22, 2016
Reposted for the Department of Retirement Systems
Have you discovered the convenience and security of using direct deposit for your retirement benefit payments? If not, now is a great time to sign up. DRS has made it easier than ever to…
Jan 4, 2016
The 114th Congress passed the ‘Defending Public Safety Employees’ Retirement Act’ in June of 2015.
This bill amended the Internal Revenue Code to allow federal law enforcement officers and fire fighters to avoid the 10 percent tax penalty on TSP…
Nov 10, 2015
The LEOFF Plan 2 Retirement Board has received the Public Pensions Standards 2015 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…
Aug 10, 2015
The 2015 Fall Retirement Planning Seminar Schedule is now available from the Department of Retirement Systems (DRS). If you are within five years of retirement, we encourage you to review the seminar information overview, and register online at…
Jul 23, 2015
The LEOFF Plan 2 Board heard special testimony from Renee Mahar and Jolin Lowry at the July 22, 2015 meeting. Renee Maher is the surviving spouse of Federal Way Officer Patrick Maher who was killed in the line of duty in 2003. Jolin Lowry is the…
Jul 23, 2015
The final biennial operating budget for 2015-2017 included a proviso to fund the LEOFF Plan 2 Benefit Improvement Account with a transfer of $15.779 million from the LEOFF Plan 2 Retirement Fund. The amount is derived from compounding two years of 7…
Mar 6, 2015
In accordance to RCW 41.26.440, a Cost of Living Adjustment (COLA) will be applied to LEOFF 2 member benefits. The COLA will go into effect July 1, 2015 as follows: Questions regarding the COLA should be directed to the…
Dec 18, 2014
The Board is required by law to adopt member, employer, and state LEOFF Plan 2 contribution rates for the 2015-17 biennium no later than July 31, 2014. In 2004 the Board, as part of its strategic plan, set maintaining the financial integrity of the…
Dec 15, 2014
It is never too early, or too late, to start preparing for the retirement you envision. Creating a strategy for retirement can help you live with more security and fewer uncertainties – both now and after you retire. No matter what you see…
Jul 30, 2014
A new national economic impact study by the National Institute on Retirement Security (NIRS) finds that defined benefit pension benefits have a significant economic impact: 6.2 million American jobs and $943 billion in economic output. The…
Jun 13, 2014
LEOFF Plan 2 is the healthiest public pension plan in the country according to a new report from the Center for State and Local Government Excellence.
The Center compared assets to liabilities for 150 state and local government pension plans and…
May 15, 2014
Original Article via Fitch Ratings
by Rob Kozlowski
While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to…
Apr 11, 2014
Originally posted by the Department of Retirement Systems
During the past week,…