As fire fighters, we know the importance of regular maintenance and checkups. Your retirement plan is no different. Set a date on your calendar to check in on the health of your retirement plan.

• Check your Washington State Department of Retirement Systems (DRS) account balance.
• Review your City of Seattle Voluntary Deferred Compensation Program (DCP) results and fund allocations.
  • If you’re unsatisfied with your investment returns, consult a qualified investment professional about adjusting your fund allocations.
  • If you’re not contributing up to your contribution limit, consider increasing your contributions.
  • Ensure your beneficiary information is up to date.
• Check your Social Security account balance to confirm your earnings are accurately reported.
• Review your will and update it if you’ve experienced significant life changes over the past year.
• Review your insurance beneficiaries and update your instructions if you’ve had significant life changes in the past year, including:
  • Your personal information in Workday (such as your home address, phone number, and email address). See the “Change Personal Information” job aide in Workday for more information.
  • Your Group Term Life Insurance beneficiaries in Workday. See the “Manage Beneficiaries” job aide in Workday for more information.
  • Your DRS beneficiaries. See the Life Events page on the DRS site for more information.
  • Your City of Seattle Voluntary Deferred Compensation Plan beneficiaries. See the plan site for more information.
  • Your Seattle Fire Fighters HealthCare Trust (SFFHCT) Life & Accidental Death & Disability (AD&D) Insurance beneficiaries. Visit the Trust’s SIMON portal for more information.
  • Your Sick Leave beneficiaries. See the Beneficiaries Designation form on the City’s SharePoint site for more information.
  • If your marital or domestic partnership status has changed, use one of the following forms to update your status: Affidavit of Marriage/Domestic Partnership or Statement of Marriage/Domestic Partnership Termination.
  • Your Emergency Contact form. See the Emergency Contact form on the City’s SharePoint site for more information.
• Review your retirement plan and update it if you’ve had significant life changes in the past year or if you’ve set new retirement goals.