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Tacoma Employees' Retirement System

The Tacoma Employees' Retirement System (TERS) is a defined benefit plan covering employees of the City of Tacoma and other Member Public Agencies. It is funded by employee and employer contributions, as well as investment returns.

 

An Update for Our Valued Members and Retirees

The Tacoma Employees’ Retirement System (TERS) office is closely monitoring the financial markets during the current COVID-19 pandemic. While market fluctuations at this time may be causing you worry, please be assured that market losses do not affect your TERS benefit payments. Your TERS retirement is secure, and benefit payments to retirees and beneficiaries will continue to be made in a timely manner.

 

As a long-term investor that has weathered multiple economic cycles, TERS is financially stable, maintaining its commitment to a broadly diversified portfolio. We will continue to keep a close eye on the plan’s investments in relation to the current market environment and, as new information becomes available, that information will be shared at cityoftacoma.org/retirement.

 

While we are committed to safeguarding your TERS retirement, we are also committed to safeguarding your health and safety as you interact with our office.

 

In-Person Customer Support Suspended at This Time

The TERS office is located within the Tacoma Public Utilities (3628 S. 35th St.) building.  The Retirement Department remains closed for in-person customer support and meetings except for by appointment only.

 

Should you have any questions or concerns during this time period, retirement specialists are available to assist you by phone or email. 

Phone Customer Support
  • (253) 502-8200 (for all members and retirees; with option to leave voicemail)
  • (888) 404-3787 (toll-free for all members and retirees; with option to leave voicemail)
  • (253) 502-8700 (for LEOFF 1 members only; with option to leave voicemail)

Voicemail Tip: When leaving a voicemail, please provide a brief, high level description of your needs to ensure your call is routed to the most appropriate staff member, and be sure to leave your full name and phone number with area code. 

Email Customer Support

In accordance with information security best practices, please do not leave your social security number on voicemails or emails.

TERS also offers a variety of online resources at cityoftacoma.org/retirement.

 

Online Resources

For the most up-to-date information about the City’s response to COVID-19 from a community perspective, please check the City’s “What’s Going On” section of the website.

 

For more information about COVID-19 from Tacoma-Pierce County Health Department, go to TPCHD.org/coronavirus.

 

2022 Cost of Living Adjustment for TERS Retirees

Please see the Cost of Living Adjustment Letter for information regarding the 2022 Cost of Living Adjustment.