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Sunday, May 22, 2022

Applications Being Accepted for Resident Member Position On Tacoma Employees’ Retirement System Board

Tacoma, United States – January 8, 2012: Skyline of downtown Tacoma consisting of office buildings, condominiums, the Washington State History Museum, the Museum of Glass and Union Station.

The Tacoma Employees’ Retirement System (TERS) is seeking applications for the Resident Member position on the TERS Board. This is a three-year volunteer position, with an opportunity to be reappointed, for a Tacoma resident who is not employed by the City of Tacoma.

TERS Board members are responsible for maintaining the financial health of the system and high quality service to its participants. Board members are expected to carry out their duties with the highest degree of integrity, diligence and commitment. Board meetings are held on the second Thursday of each month, beginning at either 10 AM or 1 PM at the Tacoma Public Utilities building or in an online format.

A defined benefit plan providing retirement benefits to City of Tacoma employees, TERS serves about 3,000 active members and 3,000 deferred and retired members. As of April 2022, TERS had approximately $2.1 billion in invested assets. Retirement benefits are funded by employer and member contributions, as well as investment earnings.

Applications are due May 27, 2022. The TERS Board member application form, submission instructions and details on the TERS plan, are available at cityoftacoma.org/retirement. Questions, as well as requests to receive or send information in alternate formats, may be directed to Retirement Director Tim Allen at tallen@cityoftacoma.org or (253) 502-8200.

Finalists can expect to be notified by 5:00 p.m. on June 1, 2022 and must be available for an interview with the TERS Board on June 9, 2022, between 1:00 p.m. and 3:00 p.m.

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