Form DRS MS287 Plan 1 or Plan 2 Contribution Withdrawal - Washington

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Form DRS MS287 Plan 1 or Plan 2 Contribution Withdrawal - Washington

What Is Form DRS MS287?

This is a legal form that was released by the Washington State Department of Retirement Systems - a government authority operating within Washington. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a DRS MS287 Plan?
A: DRS MS287 Plan is a retirement plan available to certain employees in Washington State.

Q: What is Plan 1 and Plan 2?
A: Plan 1 and Plan 2 are two different retirement plans under DRS MS287.

Q: What is a contribution withdrawal?
A: A contribution withdrawal is when an employee can withdraw their own contributions made to the DRS MS287 Plan.

Q: Can I withdraw my employer's contributions?
A: No, you cannot withdraw your employer's contributions.

Q: Who is eligible for a contribution withdrawal?
A: Employees who qualify for a retirement benefit under the DRS MS287 Plan may be eligible for a contribution withdrawal.

Q: How do I request a contribution withdrawal?
A: To request a contribution withdrawal, you need to fill out and submit Form DRS MS287.

Q: Is there a fee for the contribution withdrawal?
A: There may be fees associated with the contribution withdrawal. Contact DRS for more information.

Q: What happens to my retirement benefit if I withdraw my contributions?
A: Withdrawing your contributions may reduce your future retirement benefit.

Q: Can I roll over my contributions into another retirement account?
A: Yes, you may be able to roll over your contributions into another eligible retirement account.

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Form Details:

  • Released on February 1, 2022;
  • The latest edition provided by the Washington State Department of Retirement Systems;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form DRS MS287 by clicking the link below or browse more documents and templates provided by the Washington State Department of Retirement Systems.

Download Form DRS MS287 Plan 1 or Plan 2 Contribution Withdrawal - Washington

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