Better Retirement Benefits for Caregivers

Get More Money for Retirement 

Good news for caregivers! Your retirement benefits have increased again! 

Starting July 1, 2024, the most experienced caregivers can now get up to $1.20 per hour worked put into their Secure Retirement Plan (SRP) account. These funds are contributed by your employer, per your Collective Bargaining Agreement (CBA).* 

As a caregiver in Washington state, you get a retirement plan that is the first of its kind in the nation. And, your retirement contributions have steadily gone up. Since the SRP began, contributions from your employer have gone up 420%.  

The funds put into your account are 100% contributed by your employer; no money comes out of your paycheck.  

In addition to more retirement money put into your account, you also now get access to award-winning money management and retirement resources, that are designed specifically for caregivers. The Caregiver Money Management and Financial Planning webpages both have important information that can help you get ahead financially and be retirement-ready. You also have access to ICanRetire, with quizzes, article and more that can help you plan. 

These benefits show that your work is valued and is a good reason to keep working as a caregiver. It helps you save more money for retirement in addition to your personal retirement savings.  The more you work, the more you save for retirement with no money coming out of your paycheck! 

Check Your Account and See Your Savings! 

You can see how much money you’ve saved. Log in to your retirement account on the website called Retirement: My Plan. 

• Look at your current retirement savings. 
• Use the calculator to estimate what your retirement benefit may be in the future. 

*Contribution rates vary based on your employer and work history. New contribution rates apply to hours worked as a caregiver after July 1, 2024. Please refer to your CBA for more information.