RCW 41.26.700 Overview—Intent. The law enforcement officers’ and firefighters’ retirement system plan 2 is currently subject to policymaking by the legislature’s joint committee on pension policy with ratification by the members of the legislature and is administered by the department of retirement systems. Members of the plan have no direct input into the management of […]
RCW 41.26.705 Intent—2003 c 2. It is the intent of chapter 2, Laws of 2003 to: (1) Establish a board of trustees responsible for the adoption of actuarial standards to be applied to the plan; (2) Provide for additional benefits for firefighters and law enforcement officers subject to the cost limitations provided for in chapter […]
RCW 41.26.710 Definitions. The definitions in this section apply throughout this subchapter unless the context clearly requires otherwise. (1) “Member” or “beneficiary” means: (a) Current and future law enforcement officers and firefighters who are contributing to the plan; (b) Retired employees or their named beneficiaries who receive benefits from the plan; and (c) Separated vested […]
RCW 41.26.715 Board of trustees—Created—Selection of trustees—Terms of office—Vacancies. (1) An eleven member board of trustees is hereby created. (a) Before January 1, 2007, three of the board members shall be active law enforcement officers who are participants in the plan. Beginning with the first vacancy on or after January 1, 2007, two board members […]
RCW 41.26.7151 Board of trustees—Political party representation. The legislative board members appointed under RCW 41.26.715 must include one member from the two largest political parties. The speaker of the house of representatives shall request a recommendation from the minority leader of the house of representatives if a member from the opposite party must be recommended […]
RCW 41.26.717 Additional duties and powers of board. The law enforcement officers’ and firefighters’ plan 2 retirement board established in section 4, chapter 2, Laws of 2003 has the following duties and powers in addition to any other duties or powers authorized or required by law. The board: (1) Shall hire an executive director, and […]
RCW 41.26.720 Board of trustees—Powers—Meeting procedures—Quorum—Judicial review—Budget. (1) The board of trustees have the following powers and duties and shall: (a) Adopt actuarial tables, assumptions, and cost methodologies in consultation with an enrolled actuary retained by the board. The state actuary shall provide assistance when the board requests. The actuary retained by the board shall […]
RCW 41.26.725 Board of trustees—Contributions—Minimum and increased benefits. (1) The board of trustees shall establish contributions as set forth in this section. The cost of the minimum benefits as defined in this plan shall be funded on the following ratio: Employee contributions 50% Employer contributions 30% State contributions 20% (2) The minimum benefits shall constitute […]
RCW 41.26.730 Joint committee on pension policy—Pension funding council. The joint committee on pension policy established in *RCW 44.44.050, and the pension funding council created in RCW 41.45.100, shall have no applicability or authority over matters relating to this plan. [ 2003 c 2 § 7 (Initiative Measure No. 790, approved November 5, 2002).] NOTES: […]
RCW 41.26.732 Plan 2 expense fund—Board oversight and administration—State investment board. (1) A law enforcement officers’ and firefighters’ retirement system plan 2 expense fund is created within the law enforcement officers’ and firefighters’ retirement system plan 2 fund. (2) The state investment board has the full power to invest, reinvest, manage, contract, sell, or exchange […]
RCW 41.26.735 Asset management. Assets of the plan shall be managed by the state investment board as provided by law. [ 2003 c 2 § 8 (Initiative Measure No. 790, approved November 5, 2002).]
RCW 41.26.740 Reimbursement for expenses. All expenses of the department and the office of the state actuary related to the implementation of chapter 2, Laws of 2003 shall be reimbursed from the law enforcement officers’ and firefighters’ retirement system expense fund under RCW 39.34.130. [ 2003 c 92 § 7.]
RCW 41.26.802 Local law enforcement officers’ and firefighters’ retirement system benefits improvement account—Transfers. (1) Prior to May 13, 2019, this section required certain transfers to be made to the local public safety enhancement account. After May 13, 2019, except for the transfer in subsection (2) of this section, no further transfers will be made to […]
RCW 41.26.805 Local law enforcement officers’ and firefighters’ retirement system benefits improvement account—Creation—Use—Administration—Investments. (1) The local law enforcement officers’ and firefighters’ retirement system benefits improvement account (benefits account) is created within the law enforcement officers’ and firefighters’ retirement system plan 2 fund. (2) The funds in the benefits account shall not be included by the […]
RCW 41.26.904 Effective date—2003 c 2 (Initiative Measure No. 790). Except for section 11 of this act, the remainder of this act takes effect July 1, 2003. [ 2003 c 2 § 13 (Initiative Measure No. 790, approved November 5, 2002).]
RCW 41.26.906 Effective date—2003 c 92. This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect immediately [April 23, 2003]. [ 2003 c 92 § 12.]
RCW 41.26.921 Effective date—1977 ex.s. c 294. This 1977 amendatory act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect October 1, 1977. [ 1977 ex.s. c 294 § 27.]
RCW 41.26.922 Construction—Chapter applicable to state registered domestic partnerships—2009 c 521. For the purposes of this chapter, the terms spouse, marriage, marital, husband, wife, widow, widower, next of kin, and family shall be interpreted as applying equally to state registered domestic partnerships or individuals in state registered domestic partnerships as well as to marital relationships […]
