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At the beginning of July, state employees in PERS may notice a 4% increase to their paycheck. This increase is thanks to legislation that passed in March 2023 and is intended to help you with the cost of inflation.
You can use the extra money to: ?
- pay off credit card debt
- save for a big vacation
- increase your DCP contributions
If you?re contributing a percentage of your paycheck to DCP ? your account will automatically benefit from this increase.
Now is a great time to raise that number. If you?re contributing 3%, consider increasing it to 4 or 5%.
See all?DRS news at drs.wa.gov/news
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