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Plans - 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
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: 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
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
Washington - Online Account Access This site provides online account services for members and retirees of the Washington State Department of Retirement Systems, including access to investment account information for Plan 3 and the Deferred Compensation Program To find out more, see online account access
Multiple Plans - Department of Retirement Systems Multiple Plans If you are a member of more than one Washington state retirement system, you are a dual member You can combine service credit earned in all dual member systems to become eligible for retirement
Washington Registration Step Five – Review your profile information Q: Why do I need to verify my account with an email, MFA phone or authenticator code? A: For your security, DRS uses multi-factor authentication to help protect your retirement account information Q: Do I need to enter a code for email, mobile or voice phone and authenticator application? A: Yes, you will need to enter a code for each
DCP Intro - Department of Retirement Systems DCP IntroDCP – Roth pretax options Print version DCP helps you stock up for retirement with two types of savings options – Roth and pretax What is DCP? The Deferred Compensation Program is a supplemental retirement savings program you control The Washington State Department of Retirement Systems (DRS) administers this 457 (b) plan, which is similar to a 401 (k) or 403 (b) that many
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