A member can withdraw only his or her contributions plus interest. Members cannot withdraw employer contributions. Employer contributions become part of the pension trust funds, from which all member benefits are paid. Plan 3 . Interest Paid on Contributions DRS pays an annual rate of 5.5 percent interest on employee contributions.
Interest is compounded quarterly in most systems.
Washington State Patrol Retirement System interest is compounded monthly. Employee contributions in TRS Plan 3 and SERS Plan 3 are invested at the direction of the contributing employees and do not collect DRS-paid interest. Defined Benefit Plan Most DRS-administered plans are defined benefit plans. A defined benefit plan provides a retirement benefit that is based on a formula. DRS uses service credit and average compensation.