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PERS Plan 2 Member Handbook

WASHINGTON STATED epartment of Retirement Systemsmaking it easy to see your futurePERS plan 2 HandbookPublic Employees Retirement SystemJanuary 2018 Public Employees Retirement System ( pers ) plan 2 Welcome to pers 2 plan summary 3 How to contact the Department of Retirement Systems 3 Privacy of your information 4 How your plan works 6 Planning for retirementMilestones/ life changes 7 Becoming vested 7 Option to transfer to pers plan 3 7 Leaving public service 8 Returning to public service 8 Marriage or divorce 8 If the unexpected happensApproaching retirement 10 Retirement planning checkup10 Service retirement 11 Early retirement 11 Retiring as a dual Member 12 Estimating your benefit 12 Purchasing additional service credit 12

5 Pension Funding Council adopts contribution rates and periodically adjusts them to reflect the overall cost of the plan. The Legislature has

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