Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. So, if you’re in Plan 3 or DCP, there are basically two types of funds for your investments. There’s the one step or the Build and Monitor. And all the funds are managed by the Washington State Investment Board, also known as…
Category Archives: Podcast
Episode 35 – Beneficiary vs survivor
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today, we’re looking at the difference between beneficiaries and survivors – a key distinction you have to have on your retirement account and while you’re working. And the general rule of thumb is that beneficiaries are for before you retire and survivors…
Episode 34 – Dual members and reciprocity
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today, we’re going to discuss what happens with your retirement if you’ve worked in multiple public retirement systems during your career, for example, for a school district and a city. And to give a little background: at DRS, we manage multiple retirement…
Episode 33 – How pensions are guaranteed in Washington state
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. Today we have Mitch from the Office of the State Actuary to help us learn a little bit more about how pensions work in Washington state. Welcome, Mitch! Mitch Hello. Thank you for having me. Yeah. Before we jump into any questions,…
Episode 32 – How interruptive military service can add to your retirement credit
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. And so today we’re getting all…
Episode 31 – PEBB and Medicare overview
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. We know that for a lot of public employees, those who are approaching retirement, medical insurance coverage is a scary but important topic. And on a previous episode, we talked with Tim from the SHIBA program, and SHIBA provides one on one…
Episode 30 – How fewer deductions in retirement can help
Episode transcript: [musical intro] Jenny Welcome back to Fund Your Future with DRS. Now, a common question that we get at DRS is members wanting to know, “is my pension benefit taxed?” And the short answer is: “yes, it is taxed,” but there are a lot fewer deductions taken out once you retire. And so,…
Episode 29 – Women and retirement
Episode transcript: [music intro] Jenny Welcome back to Fund Your Future with DRS. We’re glad to have Catherine back in the studio with us for an important topic today, focusing on how women can be better prepared for retirement. So to all the women out there, this episode is especially for you and Catherine, I…
Episode 28 – Divorce and your pension
Episode transcript: [musical intro] Jenny Welcome back to Fund Your Future with DRS. Now, we know that sometimes money can be a difficult subject to talk about. And that’s one of the reasons why we wanted to make this podcast to help people have more conversations about their money. But one of the toughest conversations…
Episode 27 – What you need to know about HCA healthcare for 2024
Episode transcript: [musical intro] Jenny Welcome back to Fund Your Future with DRS. Today, we’re continuing our talk about healthcare. And if you’ve ever thought about changing to a different health insurance plan, the time to do it is during open enrollment, which happens every fall. And in the studio today, we have Dave from…