Learn about Washington State Deferred Compensation Program

pink piggy bank surrounded by coins on a tableDid you know you can save even more for retirement with Deferred Compensation program (DCP)?

The Washington State Deferred Compensation Program (DCP) is a supplemental retirement savings program administered by the Department of Retirement Systems (DRS).

 Why save with DCP?

  • You can save with as little as $30 per month;
  • Your contributions are tax-deferred so if you save $100 per month, your paycheck is only reduced by $85;
  • You don’t need to know anything about investing – if you complete the Quick Enrollment form, a professional team will invest for you;
  • Getting started late?  That’s okay!  You can save as much as $18,500 per year, or even more if you are age 50 or older.

You can learn more about DCP by visiting the DCP website at www.drs.wa.gov/DCP.

Ready to get started?

Complete the DCP Quick Enrollment Form, provide a copy to your payroll office and mail the form to DCP.

If you have funds in another tax-deferred account that you would like to roll into your DCP account, complete and mail in the Rollover-in Request Form.


For more information, email the school district Payroll department at help-payroll@osd.wednet.edu.