Roth option coming to DCP October 2023
Effective October 1, DCP will include a Roth option. Customers will be able to choose between pretax and Roth contributions, or a combination of both when saving through DCP. Pretax contributions are made before taxes, and tax is due on withdrawn amounts. Customers make Roth contributions using taxed income, which allows the withdrawals to be tax-free if the Roth balance has remained in the account for five years. For a preview of available webinars and information about Roth options, see upcoming changes.
Rumors. They sure can be wild at times. At DRS, it’s not unusual for us to speak with customers who have heard a rumor that, as it so often turns out, is not exactly accurate.
The 2023 Annual Comprehensive Financial Report (ACFR) reflects our on-going commitment to accurate and transparent financial reporting of the retirement systems.
Department of Retirement Systems recently learned of several email and phone schemes targeting public employees.