Did 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 email@example.com.