Planning for Retirement - Your Decision to RetireFinancial Fitness for Life: Live healthy. Retire well.Planning for retirement is one of the most important things you can do for yourself and your family and the earlier you begin, the more successful your retirement will be. DRS can provide you with the tools you need to get started. The Retirement Planning page provides useful information to help you with your retirement planning regardless of how close or far away it is. Once you have made the decision to retire, visit the Nearing Retirement link for questions you may have.
The Retirement Planning Seminar Schedule is now available. If you are a member of the Washington State Retirement System and within 5 years of retirement, we encourage you to review the seminar information overview, and register online at your convenience. Other options for registering are:email DRS at Register@drs.wa.govor call 360-664-7300 or 1-888-711-6676Per RCW 41.05.011, all School District employees are eligible to apply for PEBB Retiree Insurance Coverage.
Important Requirements to Remember:
For more information on enrolling in PEBB Retiree Coverage,please refer to the booklet for more information. Keepin mind you only have 60 days after the date your Employer Coverage or COBRA Coverageends to enroll in or postpone PEBB retiree coverage. If you don’t complete and submit he RETIREECOVERAGE ELECTION FORM within the required timeframe, you could lose your rightto enroll.PEBB has developed a checklist to help employees who are contemplating resignation or retirement to successfully apply for and receive this valuable benefit. There are strict requirements in the application process including that an employee must apply for PEBB retiree insurance coverage within 60 days of the loss of their employer paid insurance or COBRA insurance. This and other requirements for insurance are thoroughly described in the Retirement Planning Checklist.For valuable information on DRS programs, benefits and services, you can review the most current issue of Retirement Outlook.
DRS Benefit Estimators
- Online Benefit Estimator: Use the DRS online account service to create benefit estimates based on your actual member data. Just sign in or register as a new user.
- Self Estimate Worksheets: If you prefer to perform your own calculation, benefit estimate worksheets are available for all the systems and plans. These worksheets assist you in approximating your future retirement benefit. The estimate is based on information you supply and not on confirmed data.