Retirement-WA State Department of Retirement Systems

Image result for Department of Retirement Systems
As a public employee, you are eligible for retirement benefits administered by the Department of Retirement Systems (DRS).

Department of Retirement Systems
PO Box 48380
Olympia, Washington 98504-8380
(360) 664-7000 or toll-free (outside the Olympia area) 1-800-547-6657

Retirement Outlook Member Newsletter
As a retirement plan member, you can get up-to-date information on this website:
Department of Retirement

New to Washington State Retirement and need to make a plan choice?  Plan 2 or 3? You have 90 days to make a plan choice. 
Plan Choice Booklet

Click on the following link to learn how to choose a plan. 
DRS video - How to choose your plan.

Click on the following link to see Plan Choice webinar schedules.
DRS video - Plan Choice Webinars 

Will you be ready for Retirement?  Whether you're retiring in five years or thirty years, it's never too early to start planning for retirement.
DRS Retirement Checklist
Retirement Toolkit
Retirement Planning Notebook

DRS retirement planning seminars provide information you need as you near retirement.
Seminars are held from 9 am to 1 pm on Saturdays throughout the state.  Click the following link for the current Seminar and registration schedule:
DRS Seminar Schedule and Registration

Want to discover your bottom line for a secure retirement?

Explore what you need to save with calculators that you can plug your real-time numbers into. Simply sign into your online retirement account and look for the My Account in the left-hand menu. Use the IRS Withholding calculator to try different withholding amounts and see the effects on your net retirement benefit. If you decide to make a withholding change, submit the request with just one click. There’s no need to complete a form! You will receive an email confirmation and in most cases, your change will be effective the next month.
Members nearing retirement:
Once you've signed into your online retirement account, look for Withholding Calculator in the left-hand menu. From there you can run different scenarios to help you meet your retirement goals.

Those without an online account:

We also have a withholding calculator available if you don’t have an online account. You might want to speak with your tax advisor or the IRS if you have questions about your tax withholding.

Service credit restoration or public education experience purchases:

Use the Buy Back calculator to see an estimate of your cost to:

  • Restore withdrawn service credit past the deadline;
  • Purchase optional service credit past the deadline; and
  • Purchase public education experience service credit (for Plan 2 and Plan 3 members of Teachers' Retirement System).

Image result for DRS deferred compensation program
Deferred Compensation:
ATTENTION!  Save more with DCP in 2019   Click here to read about increased Deferred Compensation Program (DCP) 2019 maximum contribution amounts by the IRS .

Check out the links below to learn about a great way to build your nest egg in addition to your Retirement plan.
DCP Enrollment Booklet
DCP Quick Enrollment Form