Finally! Washington DRS Plan 2 Pension explained. I spent much of my early career helping people understand how their plan 2 pension works. I created this video to try and help as many people as possible gain clarity on their pension plan.
In this video I break down how the plan 2 pension works for Washington state employees.
This video is for people on TRS 2, PERS 2 & SERS 2 in Washington state.
Plan 2 is a defined benefit plan administered by the Washington Department of Retirement Systems (DRS). There are some draw backs to this plan the can be countered by setting up a separate retirement account.
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