The Washington State Legislature passed Senate Bill 6321, ending the option of an annual TRS Plan 3 rate flexibility window, to comply with the re-qualification. After January 2015, TRS Plan 3 members may only change contribution rates when they change employers. If you are a TRS Plan 3 member and would like to take advantage of the final rate change flexibility period in January 2015, you will need to complete a TRS Plan 3 Contribution Rate Change Form and turn it in to your employer between January 1 and 31.
If you contribute to the Deferred Compensation Program, keep in mind that you can change DCP contributions at any time – changes take approximately 30 days to go into effect. DCP is a voluntary retirement savings account that allows for contribution flexibility. Check with your employer to see if they offer DCP.