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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
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
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
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
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
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