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State of Washington: Department of Retirement Systems State of Washington: Department of Retirement SystemsThe IRS limits have increased for retirement savings programs like Washington’s Deferred Compensation Program (DCP) Beginning Jan 1, you can contribute up to $24,500 per year Age 50 or older: you can contribute an additional $8,000 beyond the limit ($32,500 for 2026) For highly compensated employees ($150,000 in FICA wages for 2025
DRS: Online Account Online account As a member or retiree in any DRS pension plan, you can securely access your retirement account online And it takes just a few minutes to activate your account What can I do with an online account? Employed members use online accounts to: View account information Update beneficiaries Send secure messages to DRS
DRS: Contact Us DRS specialists are available weekdays from 8:30 am to 4:00 pm Call Tuesday through Thursday, avoiding the lunch hour, for the shortest wait time Leave a call back number when prompted to keep your spot in line and avoid waiting on hold altogether Avoid hold times by logging into your online account to send us a secure message
Washington - Online Account Access For your security, the Department of Retirement Systems has added multi-factor authentication to all DRS online accounts Multi-factor authentication (MFA) is a two-step process to verify you are the owner of your DRS online account With MFA, you’ll receive an authentication code that will be sent to the email address or mobile phone number registered in your account Enter and submit the
Plan 3 and DCP Account Log In Options DCP, Plan 3 and JRA investment accounts Log in options DRS online account or Direct investment log in What’s the difference? DRS online account Access ALL your DRS retirement accounts using a single username and password Most DRS customers use this method because they can access their DRS pension or investment information with one account
DCP - Deferred Compensation Program - Plan Page Retirement plan guides for all Department of Retirement System plans including rules and benefit information for Washington State DRS pension customers
PERS Plan 2 - Department of Retirement Systems Retirement plan guides for all Department of Retirement System plans including rules and benefit information for Washington State DRS pension customers
Cost of Living Adjustment (COLA) - Department of Retirement Systems Cost of Living Adjustment (COLA) A cost-of-living adjustment (COLA) is an annual adjustment applied to retirement income to counteract cost changes in the economy (inflation) While most DRS retirement plans offer a COLA, Plan 1 members in PERS and TRS only have a COLA if they selected it during retirement
DRS Employers - Department of Retirement Systems DRS EmployersIf you need help, first try to navigate to see Chapter 12: Resources, or Chapter 13: Training If you are calling ESS, select the option for an automatic call back and the next ESS representative will call you as soon as they are available Transmittals, both regular and correction reporting If you are an employer and are unsure who to contact, ESS will route your question to the