RCW 41.35.400 Computation of retirement allowance. A member of the retirement system shall receive a retirement allowance equal to two percent of such member’s average final compensation for each service credit year of service. [ 1998 c 341 § 101.]
RCW 41.35.410 Lump sum retirement allowance—Reentry—Reinstatement of service. (1) The director may pay a member eligible to receive a retirement allowance or the member’s beneficiary, subject to the provisions of subsection (5) of this section, a lump sum payment in lieu of a monthly benefit if the initial monthly benefit computed in accordance with RCW […]
RCW 41.35.420 Retirement eligibility. (1) NORMAL RETIREMENT. Any member with at least five service credit years who has attained at least age sixty-five shall be eligible to retire and to receive a retirement allowance computed according to the provisions of RCW 41.35.400. (2) EARLY RETIREMENT. Any member who has completed at least twenty service credit […]
RCW 41.35.423 Member with terminal illness—Removal from system. (1) Upon application of the member, a member who is diagnosed with a terminal illness shall be removed from the system subject to the following conditions: (a) That the medical adviser, after a medical examination of the member made by or under the direction of the medical […]
RCW 41.35.430 Employer and member contribution rates. The required contribution rates to the retirement system for both members and employers shall be established by the director from time to time as may be necessary upon the advice of the state actuary. The state actuary shall use the aggregate actuarial cost method to calculate contribution rates. […]
RCW 41.35.440 Earned disability allowance—Disposition upon death of recipient. (1) A member of the retirement system who becomes totally incapacitated for continued employment by an employer as determined by the department upon recommendation of the department shall be eligible to receive an allowance under the provisions of RCW 41.35.400 through 41.35.599. The member shall receive […]
RCW 41.35.450 Application for and effective date of retirement allowances. Any member or beneficiary eligible to receive a retirement allowance under the provisions of RCW 41.35.420, 41.35.440, or 41.35.460 shall be eligible to commence receiving a retirement allowance after having filed written application with the department. (1) Retirement allowances paid to members under the provisions […]
RCW 41.35.460 Death benefits. (1) Except as provided in RCW 11.07.010, if a member or a vested member who has not completed at least ten years of service dies, the amount of the accumulated contributions standing to such member’s credit in the retirement system at the time of such member’s death, less any amount identified […]
RCW 41.35.470 Leaves of absence, military service. (1) A member who is on a paid leave of absence authorized by a member’s employer shall continue to receive service credit as provided for under the provisions of RCW 41.35.400 through 41.35.599. (2) A member who receives compensation from an employer while on an authorized leave of […]
RCW 41.35.480 Vested membership. A member who separates or has separated after having completed at least five years of service may remain a member during the period of such member’s absence from service for the exclusive purpose only of receiving a retirement allowance under the provisions of RCW 41.35.420 if such member maintains the member’s […]
RCW 41.35.490 Refund of contributions. A member who ceases to be an employee of an employer except by service or disability retirement may request a refund of the member’s accumulated contributions. The refund shall be made within ninety days following the receipt of the request and notification of termination through the contribution reporting system by […]
RCW 41.35.500 Reentry. (1) A member, who had left service and withdrawn the member’s accumulated contributions, shall receive service credit for such prior service if the member restores all withdrawn accumulated contributions together with interest since the time of withdrawal as determined by the department. The restoration of such funds must be completed within five […]
RCW 41.35.510 Transfer to plan 3—Irrevocable option. (1) Every plan 2 member employed by an employer in an eligible position has the option to make an irrevocable transfer to plan 3. (2) All service credit in plan 2 shall be transferred to the defined benefit portion of plan 3. (3) Any plan 2 member who […]
RCW 41.35.599 Provisions applicable to plan 2. RCW 41.35.400 through 41.35.510 apply only to plan 2 members. [ 1998 c 341 § 112.]
