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Department of Retirement Systems Plan Choice Guide - Wa

Department of Retirement SystemsPlan Choice GuideFor new employees hired on or after June 30, 2020 You have 90 days to choose between two Retirement plansPlan 2 or Plan 3? Use this Guide and online tools to evaluate the best fit for youCarefully consider your options; your plan Choice is permanentConfirm your plan Choice with the forms insideWelcome to public serviceCongratulations on your employment in public service! It is our pleasure to welcome you as a customer of the Washington State Department of Retirement Systems (DRS).As a new member of the Retirement system for public employees (PERS), school employees (SERS) or teachers (TRS), you have a Choice to make that will set the course for your future Retirement benefits.

drs.wa.gov/choice 5 Insight into Plan 2 Plan 2 has one part—a 2% pension benefit. You and your employer contribute to your plan. Your benefit does not depend on the amount of the contributions. A 2% pension benefit plan Once you meet age and service requirements and you’ve applied for retirement, you will receive

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