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Nameaddress ChaNge Washington State Department of Drs Wa  Form

Nameaddress ChaNge Washington State Department of Drs Wa Form

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how does the plan to retirement system work in washington state in this video we're talking about all things plan two we're talking about people on the teacher retirement system the public employee retirement system and the school employee retirement system all three systems are very similar and the formula is the same for all of them we're going to cover exactly how the plan 2 formula works what the cost of living adjustments are what it takes to get invested things you can do to increase your benefits what does it cost if you decide to retire early a little known indexing deferral benefit that exists in plan two so as you can see we have a lot to cover so let's dive right into it if you're on plan two here in washington state the formula is pretty simple two percent for every single year you work here in washington state and they're gonna base that total percentage on the average of your top five years of income now the key point here is it's your top five years not your last five ye

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