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Is it a state gig or a municipal gig? Doesn't WA State allow you to contribute to the pension (option 1) and then also if you want you can avail yourself of option 2? Can you just do both?
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Mar 3, 2021 21:55
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Thanatosian posted:State gig. I can get either the pension, or the matching, but not both. There's also a hit to my Social Security if I go with the pension (assuming it's still around). I knew I wasn't totally crazy. Here's from the WA Retirement website, for Plan 3: Plan 3 is two separate accounts: An employer-funded pension, and an investment account you fund with your contributions. Having two separate accounts means you can withdraw from your pension or investment account without affecting the other account. https://www.drs.wa.gov/choice/ I'm not trying to be argumentative. I may be moving to WA soon with a salary commensurate to yours, and was curious about this as well. It seems that the website uses very simplistic terms so the devil is probably in the details. If you know more than that website you know more than me. Thanks for posting this thread! It's useful to me too!
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Mar 3, 2021 23:02
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