Journey to Retirement
Welcome to Washington State Public Service
As a public employee you are eligible for retirement benefits administered by the Department of Retirement Systems (DRS). You have 90 days to choose between two different pension plans - Plan 2 or Plan 3. Here you'll find information, tools and resources that will help you determine your goals for retirement and how to best meet them.
Carefully consider your options. As a newly eligible employee, once you make a choice, you cannot change plans. If you don't make a plan choice within 90 days of becoming a public employee, you will automatically be placed in Plan 3, and you cannot later decide to become a member of Plan 2. Also, if you choose Plan 2, you cannot later switch to Plan 3 in the January Transfer window. The Plan Choice Booklet is a good place for more information.
Some members are here because they're considering a transfer to Plan 3. While new employees must make a plan decision in 90 days, members who were in Plan 2 before Plan 3 started can still decide to transfer to Plan 3 each January. We've provided resources and information for those interested in making a transfer decision.
The Financial Modeling Software can help you to compare the monthly retirement benefits in Plan 2 versus Plan 3. Take a few moments to use this online tool and you can enter in various retirement scenarios to assist you in making this important decision.