Access Your Account
Forgot Username or PIN?

Access Plan Service Center

  • Public/Non-Profit
Log in to DRS online account accessFirst Time Visiting?

More about Plan 2


Plan 2 has one part – a 2 percent defined benefit plan. You and your employer contribute to your plan, but your benefit does not depend on the amount of the contributions.


Take a closer look at some Plan 2 features:

2% Lifetime Benefit

Once you meet age and service requirements and you've applied for retirement, you will receive a guaranteed monthly benefit for your lifetime. Your benefit is based on your years of service credit and the pay you've earned. Payments are guaranteed by the state of Washington.

The 2 percent defined benefit formula used to calculate your retirement is:


2% x service credit years x Average Final Compensation

How does it work?

If you worked full time every month for 15 years and your average pay for your highest consecutive five years was $4,000, your benefit would be $1,200.


2% x 15 service credit years x $4,000 Average Final Compensation
$1,200 monthly retirement benefit


Plan 2 Contribution Rates

Plan 2 is funded by mandatory contributions made by both you and your employer and invested by the Washington State Investment Board (WSIB). Member contributions are deducted from your paychecks and you can see your deducted contributions on your earnings statements. Contribution rates change over time, based on funding needs of the plan.


Plan 2 Mandatory Member Contribution Rates
Public Employees' Plan 2 6.12%
School Employees' Plan 2 5.63%
Teachers' Plan 2 5.95%
The Pension Funding Council approved these rates as of July 2015 for Public Employees and September 2015 for School Employees and Teachers. The rates may change if pension bills passed during the next legislative session have a financial impact. You can always find up-to-date contribution rate information on our website at


Plan 2 Retirement Age and Service Credit Requirements

Retirement with a full benefit – age 65 with at least five years of service credit

If you take a normal retirement you will receive a full benefit.

Early retirement with a reduced benefit – ages 55 to 64 with at least 20 years of service credit

Your retirement is reduced because you're younger when you take an early retirement, and you'll be receiving it over a longer period of time than you would a normal retirement. To retire early you must have at least 20 years of service credit and be age 55 to 64.

The amount of your reduction depends on the amount of service credit you have AND how much younger than 65 you are when you retire.

Early retirement with a full benefit – ages 62 to 64 with at least 30 years of service credit

There's one early retirement you may qualify for and still receive a full benefit. To receive an early retirement with a full benefit, you must have at least 30 years of service credit and be age 62 to 64.

What happens if I leave employment before I’m eligible to retire?

Your plan is designed to provide you with a source of income throughout your retirement. For this reason, you may not borrow from or against your contributions at any time.

It is possible to withdraw your contributions and the interest they've earned at any time after you leave public service. However, if you do, you give up your right to a future retirement benefit. You may not withdraw your employer's contributions under any circumstances.

When you leave employment without starting to receive a retirement benefit, you can leave your money in the plan and it will continue to earn interest. If you have five years of service credit, you are vested in the plan. Then, once you turn 65 you can retire and receive a full retirement benefit.

If you withdraw your contributions and later return to public service, you may be able to purchase your withdrawn service credit. See the brochure, Plan 2 Recovery of Withdrawn or Optional Service Credit.