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Plans - Department of Retirement Systems Public Safety Employees’ Retirement System (PSERS) PSERS Plan 2 A pension plan for public safety employees If you are employed on a full-time basis by one of the following employers and your primary responsibility is covered under RCW 41 37 010(19), you are eligible for PSERS membership
DRS: Nearing Retirement Seminars Are you planning to retire in the next few years? DRS Nearing Retirement Seminars provide information you need as you approach retirement 2021 seminars are available online Nearing Retirement Seminar schedule Per guidance from local health and government officials, these half-day sessions are currently available as live online webinars
State of Washington: Department of Retirement Systems A cost-of-living adjustment (COLA) is an annual adjustment applied to your retirement income to reflect changes in the economy (inflation) Most DRS retirement plans offer a COLA, but Plan 1 members in PERS and TRS only have a COLA if they selected it during retirement
PERS Plan 2 - Department of Retirement Systems The Average Final Compensation, or AFC is the average of your 60 consecutive highest earning months in your career This could be at the beginning, middle or end of your career DRS uses your AFC income information to calculate your pension amount For high income public employees, federal law limits the amount you can contribute toward retirement and limits the benefit calculation
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
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 Forms - Department of Retirement Systems DRS forms Popular New hire member information (PERS, TRS, SERS) Beneficiary selection (or update online) DCP Enrollment Direct deposit (or update online) Change name address (or update online) IRS Form W-4P (for tax withholding) Retirement applications Enrollment Withdrawal More forms More DRS publications DCP – Deferred Compensation Program PERS Public Employees Retirement System TRS
SERS Plan 2 - Department of Retirement Systems From the DRS homepage, select the Member Login button in the top right ; Log in to your online account ; In the menu bar, select your plan name – such as PERS 2 This will open a dropdown menu Select Benefit Estimator ; Read how to use the estimator and select Accept Continue ; For first-time users, we recommend using the four-step process
Online Account Access - Washington Security Changes What is changing? For your security, the Department of Retirement Systems has added multi-factor authentication to all DRS online accounts
Episode 32 – How interruptive military service can add to your . . . Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS Now, you may or may not have heard that there was some legislation passed this year that allows some employees earn free retirement service credit if their employment was interrupted by service in the U S military