Human Resources

Retirement Savings Options 

IRS 2016 Retirement Plan Contribution and Benefit Limits

2016 Notice to Interested Parties for State Board Retirement Plan

2016 Notice to Interested Parties for State Board Supplemental Retirement Plan

College Contribution Plans

Administrative/Exempt Employees:

Administrative/exempt emplolyees can participate in one of two plans, either the State Board for Community and Technical Colleges Retirement Plan (SBRP) or the Public Employees Retirement System (PERS) 3 plan. The SBRP is a 401(a) defined contribution plan administered by TIAA Cref. PERS 3 is a hybrid plan comprised of two components: a defined benefit and defined contribution. 

Classified Employees:

Classified employees participate in the Public Employees Retirement System (PERS) and must choose between Plans 2 and 3 within the first 90 days of employment. PERS is a defined benefit pension plan through the Washington State Department of Retirement Systems (DRS). 

Faculty:

Faculty can participate in one of two plans, either the State Board for Community and Technical Colleges Retirement Plan (SBRP) or the Teachers Employees Retirement System (TRS) 3 plan. The SBRP is a 401(a) defined contribution plan administered by TIAA Cref. TRS 3 is a hybrid plan comprised of two components: a defined benefit and defined contribution. 

**NOTE**

On June 15, 2011, Washington Governor Christine Gregoire signed Engrossed Substitute House Bill (ESHB) 1981 into law.  Provisions limit PERS and TRS retirees' ability to work in a public position while collecting pension payments. Any retiree of a Washington State DRS Plan who returns to work after July 1, 2011 cannot participate in a College contributing plan. In addition, all PERS and TERS retirees are limited to 867 work hours per year. Once the threshold is reached, DRS will suspend pension benefits. Read more at Retirees Working after Retirement.

Additional Savings Options

Supplemental Retirement Savings: Supplemental Retirement Plan (403(B)): Pre- and post-tax savings through payroll deduction is available to all employees. Investment options are through TIAA-CREF.

Deferred Compensation Plan (DCP): Pre-tax savings through payroll deduction is available with investment options through the Washington State DRS.