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 Form DRS MS287?
A: Form DRS MS287 is a form used for making contribution withdrawals from the Washington State Department of Retirement Systems (DRS) Plan 1 or Plan 2.

Q: What is the purpose of Form DRS MS287?
A: The purpose of Form DRS MS287 is to request a withdrawal of contributions made to the DRS Plan 1 or Plan 2.

Q: Who can use Form DRS MS287?
A: Form DRS MS287 can be used by members of the DRS Plan 1 or Plan 2 who want to withdraw their contributions.

Q: What is the difference between DRS Plan 1 and Plan 2?
A: DRS Plan 1 is for employees who were hired before October 1, 1977, while DRS Plan 2 is for employees hired after that date.

Q: How do I fill out Form DRS MS287?
A: You need to provide your personal information, plan type (Plan 1 or Plan 2), and the amount you wish to withdraw on Form DRS MS287.

Q: Are there any taxes or penalties for withdrawing contributions?
A: Yes, there may be taxes and penalties associated with withdrawing contributions from DRS Plan 1 or Plan 2. It is recommended to consult a tax advisor for specific guidance.