Learn more about the Deferred Compensation Program

Calculator with accounting sheet and pen

Did you know you can save even more for retirement with the Washington State Deferred Compensation Program (DCP)?

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 may only be 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 $20,500 this year, and even more if you are age 50 or older

To learn more about DCP, visit the DCP website at drs.wa.gov/DCP and watch this short DCP video.

Ready to get started?

Complete the DCP Quick enrollment form and mail or fax 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 form.  Also, don’t forget to contact the custodian of that account to request the rollover of funds.

It’s never been easier to get started so enroll today!