Pension
Washington Health is excited to introduce a new defined benefit pension plan through Transamerica, effective August 1, 2026. This employer-sponsored retirement benefit is designed to provide eligible employees with dependable monthly income in retirement, based on years of service and compensation.
Unlike a retirement savings account, a defined benefit pension plan provides a benefit calculated under the terms of the plan rather than being based solely on individual contributions and investment performance. The pension can work alongside Washington Health’s existing 403(b) and 457(b) retirement savings plans to help support your long-term financial security.
Review the pension plan materials below for important information about eligibility, participation, vesting, benefit calculations, payment options, and other plan provisions.
Washington Health New Hire Overview – Pension Plan
Washington Health Transamerica Pension Plan
Washington Health Transamerica Pension Portal Guide
How Do I Access My Pension Information?
You can access your pension information anytime through Transamerica’s pension portal. First-time users will need to create an account. Once logged in, you can review your benefits earned to date, model different retirement dates, manage beneficiary information, and access plan documents and other retirement resources.
Transamerica Pension Portal: transamerica.com/portal/mypension
Phone: 888-976-8196
Hours: Monday–Friday, 8:00 a.m.–8:00 p.m. ET
How Does the Pension Plan Work?
The Washington Health Retirement Pension Plan is a defined benefit plan funded primarily by the District. Your pension benefit is based on factors including your years of service and compensation and is generally paid as monthly income in retirement.
Eligible employees become fully vested after five years of vesting service, at age 65, or upon total and permanent disability while employed. Plan participation generally begins on the first day of the month after eligibility requirements are met.
Contact
Transamerica
800-755-5801
trsretire.com
Pension Plan at a Glance
- Effective August 1, 2026
- Employer-sponsored defined benefit plan
- Administered through Transamerica
- Designed to provide monthly retirement income
- Benefit based on factors including years of service and compensation
- Full vesting after five years of vesting service, at age 65, or upon total and permanent disability while employed
- Works alongside Washington Health’s existing retirement savings plans