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Retirement

Submitting Your Civil Service Retirement Plan or Teachers’ Retirement Plan

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.

Submitting Your 401(a) Defined Contribution Plan Retirement

If you think you are eligible to retire from the 401(a) plan, please email [email protected]. The Retirement team will contact you regarding next steps.

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 who are not classified ET do not contribute to this plan.” District of Columbia Teachers’ Retirement Plan Summary Plan Description (SPD) 2017.

DC Retirement Board Calculator – DCRB offers plan participants a calculator to get a rough estimate of their retirement annuity. Review the DCRB Benefits Calculator.

Withdrawals and Rollovers – In order to rollover 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 who are not classified ET and were hired on or after October 1, 1987 participate in this plan. DC Government will automatically contribute the equivalent of five percent of the employee’s salary to 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 rollover or withdraw funds from this account, the employee must be separated from DC Government. Rollovers and withdrawals are made on a graded vesting schedule.  See Retirement FAQs 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, seven-and-a-half, or eight 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 rollover 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 -

457 Deferred Compensation Plan - The 457(b) Deferred Compensation plan, managed by ICMA-RC, is an automatic enrollment for those employees hired or rehired after July 7, 2019 in benefits eligible positions (i.e., health, life, and retirement) and it is also 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 ICMA-RC account. Enrollment can be processed directly via PeopleSoft.

Effective July 7, 2019 newly hired and rehired employees (with a break in service of three (3) workdays or more) in the District who are eligible to participate in the 457(b) Plan will be automatically enrolled at five percent (5%) of their annual base salary on a pre-tax basis. Participants can elect to defer a different amount or percentage amount of their salary, or cease to participate in the plan. All participants can opt-out of this plan within the first thirty days of employment by setting their contributions made to their enrollment election to zero (0) in PeopleSoft. Refunds will be given at market value and adjusted for any earnings or losses. To request a refund or contributions participants must contact DCHR at [email protected]. If a participant does not opt out within the first thirty (30) days of his/her employment, a refund can not be granted. Any funds remaining in the Plan will be subject to the Plan’s normal district rules. 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. Enrollment must be completed with a 403(b) vendor representative, not through PeopleSoft. Learn more about the 403(b) Tax Shelter Annuity Plan

Retirement Resources [PDF]

 

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

 

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Retirement FAQs