Set a Goal. Make a Plan. Make a Commitment. Start Saving.
Tip #2: Make a Plan
Once you have set your financial goals, move forward with making a financial plan. By understanding your plan, utilizing the tools provided, and attending presentations offered by WSU, you will come to better understand your state retirement plan, and if you have a need to supplement that plan with additional savings. Take advantage of these resources so you can prepare for the retirement lifestyle you would like.
• PERS, TRS, and LEOFF retirement plans. These plans are administered by the Department of Retirement Systems (DRS). Members of these state retirement plans will find the DRS website to be a beneficial tool to understanding your retirement plan. This site offers the member handbooks for all the state plans, benefit calculators, and retirement education.
• Annually, WSU and DRS provide presentations on the retirement plans for new employees, employees who are in their mid-career, and employees who are within five years of retirement.
• Washington State University Retirement Plan. This plan is administered by WSU, utilizing the services of the plan vendor, TIAA-CREF. On a bi-annual basis, WSU and TIAA-CREF offer retirement seminars for employees who are mid-career, and within five years of retirement. The TIAA-CREF website also offers tools, information to enhance your retirement education.
• Schedule a one-on-one appointment with a TIAA-CREF representative in regards to the WSURP or VIP programs.
• Contact the DRS and/or a Deferred Compensation Program (DCP) Counselor.
• Attend a pre-retirement seminar offered monthly by HRS.
Questions can be directed to Human Resource Services, 509-335-4521, firstname.lastname@example.org.