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About DRS

The Department of Retirement Systems serves a diverse population of more than 330,000 Washington public employees, including firefighters, teachers and police officers.

Led by Tracy Guerin  and supported by the DRS Advisory Committee, DRS administers one of the most complex public retirement systems in the country, comprising 15 plans across eight individual retirement systems. We also administer the state’s Deferred Compensation Program.

Mission

  • We provide information, tools, expertise and services that ensure our members receive the retirement benefits they earn while in public service.

Vision

  • Satisfied customers
  • Valued team members

Values

  • Customer focus
  • Team member engagement
  • Valued relationships
  • Performance excellence
  • Resource stewardship

Membership (as of quarter ending March 31, 2021)

  • 335,018 active members – working and contributing to the plans
  • 207,983 annuitants – retirees, beneficiaries and others who receive monthly payments
  • 304,694 inactive members – left employment but are not yet receiving payments

Financial (as of fiscal year ending June 30, 2020)

  • $129.6 billion held in retirement trust fund assets
  • $5 billion collected annually in contributions from members and employers
  • $5.9 billion paid annually in benefits and contribution refunds

Organizational

  • 275 employees
  • $90.6 million budget
  • Created in 1976

Updating Your Address and/or Name

Retirees, inactive members, beneficiaries and legal-order payees: You can update your address from your online retirement account. Just select “Address” from the welcome screen. If you need to update your name, fill out and send in a printed form as well as a copy of documentation showing the change.

Active members: Update your name and/or address through your employer. That new information will soon appear in your online retirement account.

Direct Deposit

Set up and manage direct deposit of your benefit payments from your online retirement account. Just follow the “Direct Deposit” directions under “My Account” in the navigation menu.

(If you prefer to fill out and mail in a printed form, select this link.)

Beneficiary Designation

Members, you can update your beneficiary information from your online retirement account. Select “My Account” in the navigation menu and then “View/Edit” beside “Beneficiary.”

(If you prefer to fill out and mail in a printed form, select this link.)