The following information is shared by the district Payroll Office
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 $1,625 per month, or even more if you are age 50 or older
To learn more about DCP, visit the DCP website at drs.wa.gov/DCP or watch the DCP webinar video.
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