From: Simonsen, Mary NC-Staff Sent: Wednesday, February 13, 2008
https://dcp.csplans.com/csinfo/planinfo.aspx?cl=WASHST&pl=900501PU&page=plan_informationintroduction&domain=dcp.csplans.com
The above link is a really good alternative to 403b plans since it appears that we are being rather severely limited at this change in selections to the 403b choices due to a new federal law. The State of WA has plans for state workers and we can contribute. ISD will take the deduction out of your paycheck and handle the transfer just like how you do your 403b deductions. There is a range from no-load funds to savings accounts and you can transfer between without penalty. So if you are in a high risk fund and suspect a downward trend in the stock market, you can switch to a less risky fund for a while or if you are approaching retirement. I learned about this program years ago at a state sponsored retirement workshop so I would be better prepared when I would retire. They are very informative sessions.
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