Voluntary Retirement Plans
Washington State University offers employees the option of participating in Voluntary Investment Programs. These accounts allow employees to save additional retirement funds over and above their regular plans, including the Department of Retirement System plans (PERS, TRS, LEOFF), the WSU Retirement Plan (WSURP), as well as individuals who participate in the Federal Retirement Plan. Contributions can be made pre-tax to lower today’s taxable income, and one of the plans has a post-tax option resulting in the future money not being subject to income tax.
Unlike the regular WSU Retirement Plan and DRS retirement plans, WSU does not contribute to these accounts. An employee may contribute as little as $30 a month, and up to the maximum contribution limits allowed by the Internal Revenue Services (IRS).
The voluntary plans WSU offers are:
- Maximizing your Retirement Accounts– Recorded October 2022, 42 min.
- Voluntary Retirement Overview– Recorded January 2022, 7 min.