October 2024 Benefits Updates
Joint presentation hosted byHRS Benefits and the Social Security Administration
HRS Benefits is excited to host an informative workshop, October 10, 2024, Noon-1:30 pm. Presented by Kirk Larson, Public Affairs Specialist for the Social Security Administration, this engaging session will cover essential topics including:
- Eligibility for Benefits: Discover when you become eligible to receive Social Security benefits.
- Impact of Early Withdrawal: Learn how taking benefits early can affect your financial future.
- Understanding Various Benefits: Gain insights into survivor, spousal, and disability benefits.
- Future of Social Security: Discuss the outlook for Social Security and what it means for you.
- Future of Social Security: Discuss the outlook for Social Security and what it means for you.
This session is a repeat of the popular presentation offered in May 2024, making it a valuable opportunity to catch up on crucial information.
Participants will also learn how to use the mySocialSecurity online account, in addition to other online services. To get the most of the session, participants are encouraged to create an account with mySocialSecurity prior to the workshop.
More about our speaker: Kirk Larson is the Washington State Public Affairs Representative for the Social Security Administration. He has worked with the agency for over 30 years in both technical and supervisory roles. Kirk has presented Social Security information in both the Seattle and San Francisco Regions. He has had several articles published, and appeared on TV and radio shows to discuss Social Security topics.
To attend, please join us via Zoom using Meeting ID: 812 058 2016.
Don’t miss this chance to equip yourself with knowledge about your Social Security benefits!
Prepare for your Future with TIAA and WSU Benefits
On October 9 and 10, TIAA representatives, along with WSU Benefits Staff, will host important retirement presentations designed to help you navigate your future financial planning. Whether you’re nearing retirement or simply want to learn more about your benefits, these sessions offer valuable insights.
All sessions will be available via Zoom, as well as offered every Fall and Spring semester. Join via Zoom meeting ID: 812 058 2016. Don’t miss this opportunity to prepare for your retirement and make the most of your benefits!
WSURP Participants: Pre-Retirement Presentations
- Wednesday, October 9, 1:00 pm- 4:00 pm
- Thursday, October 10, 8:30 am- 11:30 am
All Retirement Eligible Employee Presentations
- Wednesday, October 9, 9:00 am- Noon
Upcoming Fall Benefits Events and Resources
Washington State University and its partners offer a range of resources to support employee well-being and maximize benefits. Explore these upcoming opportunities to take full advantage of what’s available to you.
Maximizing Your Salary Increase: Options for Your July 1 or October 1 Boost
Classified staff received a 3% salary increase starting July 1, and AP and Faculty will see a 2% boost in October. With this extra income, you have several options to consider:
1️⃣ Off Debt: Use the increase to reduce outstanding balances and ease financial pressure.
2️⃣ Plan a Vacation: Save for a well-deserved getaway and make the most of your time off.
3️⃣ Boost Your Retirement Savings: Contribute to a voluntary retirement plan to strengthen your future financial security.
For those interested in retirement savings, you can access two voluntary plans with flexible contribution options. You can contribute from $15 per pay period up to $23,000-$30,500 per plan in 2024. To learn more or to enroll, visit the Voluntary Retirement Plans page.
Enhance your retirement planning—discover DRS webinars and podcasts!
Are you a participant in PERS, TRS, LEOFF, or DCP? The Department of Retirement Systems (DRS) offers an array of webinars and podcasts focused on retirement and financial wellness. Their latest podcasts are especially engaging, tailored to resonate with different generations and packed with valuable insights. Explore essential topics like plan overviews, withdrawal strategies, Medicare and Social Security basics, and comprehensive retirement planning.
Whether you join live or catch up on-demand, these resources are here to keep you informed and help you make the most of your retirement benefits!
WA State Employee Assistance Program (EAP) Resources
Navigating personal change can be difficult. EAP offers an abundance of free and reduced-fee Work-Life resources to help with legal, financial, family, aging, mental health, relationships, and professional development to name a few.
EAP also has a robust resource library full of articles, videos, and recorded sessions available on-demand to access whenever it fits your schedule.
Visit the Washington State Employee Assistance Program for information and use organization code “WSU” to access all of these tools and more!
Content Credit: Ann Monroe, HRS Benefits Director