New Employee Planning
In general, employees who work ½ time or more are required to be a member of one of the Washington State Department of Retirement Systems (DRS) Plans
I. 90 Day Window
New employees (or newly eligible employees) have 90 days from the beginning of your eligibility to enroll in a retirement plan. Employees will automatically be enrolled in the default plan (TRS/SRS Plan 3) if they fail to return an enrollment form to the Payroll & Benefits Department within 90 days (video).
Planning to Retire
Retiring is a very important step and requires planning. Consider the following to help you gather the information that will help you prepare for the next stage in your life.
- Attend a DRS Retirement Planning Seminar
DRS offers workshops and all day seminars covering various aspects of retiring a couple of times during the year. Seating is limited, and these workshops/seminars fill up quickly. Visit the DRS Website to register.
- Attend Payroll & Benefits Department's Retirement Forum
Schedule and information coming soon.
- Attend SEA seminars
The Spokane Educational Association (SEA) offers evening seminars, typically in March, that address a number of retirement issues. Sessions are open to both represented and non-represented employees. Look for an announcement in early spring, or contact SEA at 325-4503 for additional information.
- Meet with a Financial Planner to get professional advice.
If you plan to retire in the next few months, notify Human Resources and Payroll Department immediately.
Tax Sheltered Investment Plans
The OMNI Newsletter provides updates and information to help better understand your tax-deferred retirement benefits. The recent newsletters are available here: