Retirement
Retirement
Embedded Files
New Employee Planning
New Employee Planning
In general, employees who work ½ time or more in a hired position are required to be a member of one of the Washington State Department of Retirement Systems (DRS) Plans.
1. 90 Day Window
1. 90 Day Window
New employees (or newly eligible employees) have 90 days from the beginning of your eligibility to enroll in a retirement plan. Employees will automatically be enrolled in the default plan (TRS/SRS Plan 2) if they fail to return an enrollment form to the Payroll & Benefits Department within 90 days (video).
2. Plans
2. Plans
For Certificated Staff
TRS Plan 2 Handbook or TRS Plan 3 Handbook;
For Classified Staff
SERS Plan 2 Handbook or SERS Plan 3 Handbook;
Tax Sheltered Investment Plans
Tax Sheltered Investment Plans
For recommendations on 403(b) and 457 plans, contact your financial planner.
Planning to Retire
Planning to Retire
Retiring is a very important step and requires planning. Consider the following to help you gather the information that will help you prepare for the next stage in your life.
Department of Retirement Services Website
1. Attend a DRS Retirement Webinar
1. Attend a DRS Retirement Webinar
DRS offers workshops and all day seminars covering various aspects of retiring a couple of times during the year. Seating is limited, and these workshops/seminars fill up quickly. Visit the DRS Website to register.
2. Attend Payroll & Benefits Department's Retirement Forum
2. Attend Payroll & Benefits Department's Retirement Forum
Contact Payroll Department for information.
3. Meet with a Financial Planner to get professional advice.
3. Meet with a Financial Planner to get professional advice.
If you plan to retire in the next few months, notify Human Resources and Payroll Department immediately.
Q & A
Q & A
I am a substitute. Do I get retirement credit?
I am a substitute. Do I get retirement credit?
You may be eligible to purchase retirement credit for your service as a substitute. For requirements for obtaining Retirement Service Credit, click on either the TRS Substitute Guide for Certificated Staff or the SERS Substitute Guide for Classified Staff. For further information, contact the District's retirement staff listed above or click on DRS website for the Washington State Department of Retirement Systems site.
How do I setup a Social Security Account?
How do I setup a Social Security Account?
Set up a my Social Security Account. The Social Security Administration has a web site where you can keep track of your earnings, get an estimate of your future benefits, apply for Medicare, apply for Social Security benefits when you retire and more.
What is PEBB retiree insurance?
What is PEBB retiree insurance?
There are eligibility and procedural requirements that must be met to ensure the employee may enroll in or defer retiree insurance coverage.
Procedural requirements include PEBB receiving a retiree enrollment form no later than 60 days after the employee’s employer-paid or Continuation Coverage ends.
The determination of eligibility for retiree coverage is made by PEBB staff and is based on their eligibility to separate or retire under their DRS retirement plan as well as timely receipt of the enrollment form. (WAC 182-12-171 and WAC 182-12-200)
Washington State Health Care Authority has created a Retiring from a Department of Retirement Systems (DRS) retirement plan timeline that employees may find helpful when separating or retiring. There is also information about retirement on the PEBB website at www.hca.wa.gov/pebb and in the Retiree Enrollment Guide.
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