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Retirement

Submitting Your Retirement

If you have not done so already, please submit a retirement request via the DCPS Resignation and Retirement Application. Following receipt of this online application, the Retirement team will determine your eligibility and calculate your annuity (if applicable). To view eligibility requirements and plan types, please visit the Retirement FAQs.

Automatic Retirement Plans

The following retirement plans are established for DC Public Schools employees. Enrollment in the plans below is automatic and dependent on your current position.

Teachers Retirement Plan

Upon hire, employees classified ET begin automatically contributing eight (8) percent (if hired on or after November 1, 1996) or seven (7) percent (if hired prior to November 1, 1996) of their salary on a biweekly basis into this retirement plan. Employees that are not classified ET do not contribute to this plan. Get additional information regarding the Teacher’s Retirement Plan.

Withdrawals and Rollovers – In order to roll-over or withdraw funds from this account, the employee must be separated from DC Government.

Teacher's Retirement Withdrawal and Rollover Application

401(a) Defined Contribution Retirement Plan

All DCPS employees that are not classified ET and hired on or after October 1, 1987 participate in this plan. DC Government will automatically contribute five (5) percent equivalent to the employee’s salary in this plan. This plan is an entirely employer-paid benefit, so employees cannot contribute. Get additional information regarding the 401(a) Defined Contribution Retirement Plan.

Withdrawals and Rollovers – In order to roll-over or withdraw funds from this account, the employee must be separated from DC Government. Roll-overs and withdrawals are made on a graded vesting schedule.  See link above for vesting rules.

401(a) Defined Contribution Plan Withdrawal and Rollover Application

Civil Service Retirement Plan

The Civil Service Retirement System (CSRS) is a defined benefit, contributory retirement system. Employees not classified as ET who were hired prior to October 1, 1987 automatically contribute seven (7) percent of their salary on a biweekly basis into this retirement plan. Get additional information regarding the Civil Service Retirement Plan.

Withdrawals and Rollovers – In order to roll-over or withdraw the funds from this account, the employee must be separated from DC Government.

Civil Service Retirement Plan Withdrawal and Rollover Application

Voluntary Retirement Plans

The following optional retirement plans are available to all employees who are interested in setting aside additional funds towards retirement.

457 Deferred Compensation Plan - The 457 Deferred Compensation plan, managed by ICMA-RC, and is a voluntary retirement plan that an employee may participate in to invest additional income towards retirement. Up to the maximum allowable amount determined by the IRS, the employee has the option to decide how much of their income they would like to defer into this retirement plan. Once enrolled, the employee’s paycheck will be reduced by that chosen amount (pre-tax) and funds are deposited into the ING account. Enrollment must be completed with an ING representative, not through PeopleSoft. Learn more about the 457 Deferred Compensation Plan

403(b) Tax Shelter Annuity Plan – The 403(b) TSA retirement plans are voluntary retirement plans that employees may participate in to invest additional income towards retirement. DCPS offers 403(b) investment options through seven approved vendors. Additional information regarding the vendors can be found via the link below. Up to the maximum allowable amount determined by the IRS, the employee has the option to decide how much of their income they would like to defer into this retirement plan. Once enrolled, the employee’s paycheck will be reduced by that chosen amount (pre-tax) and funds are then deposited into the account managed by the chosen vendor. Learn more about the 403(b) Tax Shelter Annuity Plan

If you would like additional information regarding the retirement, please visit: DCPS Retirement FAQs.

 

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