Each January, certain members of Public Employees’ Retirement System (PERS) Plan 2 have the opportunity to make a permanent transfer to PERS Plan 3. If you are an active PERS Plan 2 member who began service before Sept. 1, 2002, and you will earn service credit in January, you are eligible to transfer to Plan 3.

Use the resources on the Department of Retirement Systems website to help you decide if transferring to Plan 3 is right for you. To transfer from Plan 2 to Plan 3, complete a Member Transfer form and return it by Jan. 31, 2025 to:

• King County Benefits, Payroll and Retirement Operations, 401 Fifth Avenue, CNK-HR-0230, Seattle, WA 98104
• kc.benefits@kingcounty.gov

If you transfer to PERS Plan 3, you should see the change on your pay advice in February 2024.

Are you a King County employee interested in financial planning or investing and are eager to learn more? Looking for a chance to grow your leadership skills while supporting your fellow King County employees? Consider joining the King County Deferred Compensation Plan Board!

The Deferred Compensation Plan helps employees save for retirement through automatic pre-tax and post-tax contributions. It is governed by a nine-member board that is seeking three new members: Two current King County employees and one King County retiree.

As a board member, you will:

• Spend approximately three hours per month in board meetings plus additional time for ad hoc committees. Meetings typically held on Teams and in the Chinook building.
• Serve a three-year term, with some exceptions.
• Monitor fund performance, ensure effective and inclusive communication, make decisions on Plan policy and design, and ensure compliance with King County’s Strategic Plan for Equity and Social Justice.
• Attend conferences in other cities.

You could be an excellent board member if:

• You participate in the King County Deferred Compensation Plan.
• You’re interested in personal finance and investing.
• You’re experienced in a variety of work environments, especially frontline and direct service, and have access to phone or video conferencing.
• You’re committed to King County’s Equity and Social Justice initiative.
• You’re comfortable representing the interests of Plan participants and are willing to engage with fellow employees about the Deferred Compensation Plan.

Interested? Apply by Jan. 31, 2025

Join us to make a positive impact on the financial futures of King County employees. For more information and an application, contact plan administrators at 206-263-9250 or KC Deferred Comp. Note: You may need written authorization from your supervisor for participation and inclusion in your individual development plan