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DCP - Deferred Compensation Program - Plan Page 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 Leaving the workforce?If you’re retiring soon, you may be able to cash out unused leave and roll it into your Deferred Compensation (DCP) account This can help reduce your taxable income in the year you retire and pad your retirement savings
DCP Intro - Department of Retirement Systems 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 employers offer
Online Account Access - Washington 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
DCP Savings Calculator - Department of Retirement Systems Washington State: Department of Retirement Systems 6835 Capitol Blvd Tumwater, WA 98501 Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice
More DCP savings in 2025 - Department of Retirement Systems The IRS limits have increased for retirement savings programs like Washington’s Deferred Compensation Program (DCP) Beginning Jan 1, 2025, you can contribute up to $23,500 per year
DCP Enrollment Guide - Department of Retirement Systems Department of Retirement Systems (DRS) administers the Deferred Compensation Program (DCP) The Washington State Investment Board (WSIB) selects and monitors DCP investment options
Chapter 11: Deferred Compensation - Department of Retirement Systems DRS partners with the Washington State Investment Board (WSIB) and a third party record keeper to offer the Deferred Compensation Program The goal is to help public employees save for their future while saving your organization time and money
Plan 3 and DCP Account Log In Options Mailing address: Voya Financial Attn: Washington State DRS PO Box 389 Hartford, CT 06141 What does the record keeper do? The DRS record keeper maintains the records for Plan 3, DCP and JRA customer investment accounts and assists customers with transactions related to these accounts
Leaving Employment - Department of Retirement Systems If you retire or leave your public-sector job, you can leave your money in your Washington Deferred Compensation Program (DCP) account, or choose to receive some or all of your account balance