DCP emergency withdrawals: what to know

If you have a Washington state Deferred Compensation Program (DCP) account and experience an unforeseeable emergency, you may be able to withdraw funds while still working.

These withdrawals are allowed only in specific hardship situations and are processed by the DRS record keeper, Voya Financial. You may use DCP funds for an emergency only if you can demonstrate that you don’t have enough money in other accounts to cover the cost.

See all DRS news at drs.wa.gov/news