ALERT: Teachers Pension Advisory Services Mailing Incorrect Information to School Districts
The following information is from the Department of Retirement Systems
"A recent bulletin is circulating from a Texas-based company making incorrect and misleading statements about DRS.
The Teachers Pension Advisory Services (TPAS), with a postal address in Katy Texas, has mailed letters to Washington State School Districts. The letter states that the company can provide a 'free estimate of your Washington State Department of Retirement Systems (DRS) benefits.'
The claims and information made by TPAS are not endorsed by DRS. DRS has no affiliation with the Teachers Pension Advisory Services. DRS does not sell or endorse any private products, financial, retirement-related or otherwise. We will never come to your home or call you to ask for your personal information.
If you receive any postal mail, emails or phone calls from TPAS, we strongly encourage you to contact the Washington State Attorney General’s Office and file a consumer complaint:
Office of the Attorney General
Consumer Protection Division
No private company other than our third-party record keepers – ICMA-RC for Plan 3 and Great-West for the Deferred Compensation Program, can provide you with information about your DRS account.
If you have questions about any of your DRS pension benefits, please contact us directly at 360-664-7000 or toll-free at 800-547-6657. TTY users dial 711 for the Washington Relay Service. Or go online at www.drs.wa.gov and log in/sign up for your online account information."