Is your savings on track to help you live the retirement of your dreams? If you’re not sure, there’s no time like the present to check in on your progress. You can do that by logging in to your online account. Once you’re there, select “Plan Summary” to view your contributions. You can access this…
Tag Archives: Planning
One teacher’s fulfilling solution
If you retired today, would you volunteer to work for free at the same place? Meet Cornelius Lopez. Cornelius is retired from Teachers’ Retirement System Plan 1. He taught math for 60 years; Forty-eight of those years were at McMurray Middle School on Vashon Island. After his retirement in June 2023, he began volunteering at…
Required minimum distributions begin at 73
Do you have DCP or Plan 3? If so, keep in mind that federal law requires you to withdraw a minimum amount from your investment account when you reach age 73 if you are separated from employment. The DRS record keeper, Voya, calculates this required minimum distribution (RMD) and pays out this amount to you…
Rumors we have heard
Rumors. They sure can be wild at times. At DRS, it’s not unusual for us to speak with customers who have heard a rumor that, as it so often turns out, is not exactly accurate. Some of the rumors we hear include:
Retirement planning email scam alert
A recent email scam has targeted our customers.
DCP savings options for your age
Save more with DCP pretax and Roth
Who will inherit your assets?
Estate planning ins and outs.
DRS annuity options
You can buy an annuity with your DCP funds.
Do you have unclaimed funds?
Check these sites for money you’re owed.
How to apply for retirement
Learn more about the retirement process.