RCW 41.35.600 Provisions applicable to plan 3—Plan 3 elements. (1) RCW 41.35.600 through 41.35.720 apply only to plan 3 members. (2) Plan 3 consists of two separate elements: (a) A defined benefit portion covered under this subchapter; and (b) a defined contribution portion covered under chapter 41.34 RCW. (3) Unless otherwise specified, all references to […]
RCW 41.35.610 Choice of membership in plan 2 or plan 3. (1) All classified employees who first become employed by an employer in an eligible position on or after July 1, 2007, shall have a period of ninety days to make an irrevocable choice to become a member of plan 2 or plan 3. At […]
RCW 41.35.612 Right to waive benefit—Irrevocable choice. Any member receiving or having received a distribution under chapter 41.34 RCW may make an irrevocable choice to waive all rights to a benefit under RCW 41.35.620 by notifying the department in writing of their intention. [ 2003 c 349 § 2.] NOTES: Effective date—2003 c 349: See […]
RCW 41.35.620 Computation of retirement allowance. (1) A member of the retirement system shall receive a retirement allowance equal to one percent of such member’s average final compensation for each service credit year. (2) The retirement allowance payable under RCW 41.35.680 to a member who separates after having completed at least twenty service credit years […]
RCW 41.35.630 Additional payment. (1) Anyone who requests to transfer under RCW 41.35.510 before March 1, 2001, and establishes service credit for January 2001, shall have their member account increased by one hundred thirty percent of: (a) The member’s public employees’ retirement system plan 2 accumulated contributions as of January 1, 2000, less fifty percent […]
RCW 41.35.640 Application for and effective date of retirement allowances. Any member or beneficiary eligible to receive a retirement allowance under the provisions of RCW 41.35.680, 41.35.690, or 41.35.710 is eligible to commence receiving a retirement allowance after having filed written application with the department. (1) Retirement allowances paid to members shall accrue from the […]
RCW 41.35.650 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. (2) A member who receives compensation from an employer while on an authorized leave of absence to serve as an elected official of a labor organization, […]
RCW 41.35.660 Purchased service credit—Allocation. (1) Contributions on behalf of the employer paid by the employee to purchase plan 3 service credit shall be allocated to the defined benefit portion of plan 3 and shall not be refundable when paid to the fund described in RCW 41.50.075(4). Contributions on behalf of the employee shall be […]
RCW 41.35.670 Lump sum payments—Reentry. (1) The director may pay a member eligible to receive a retirement allowance or the member’s beneficiary a lump sum payment in lieu of a monthly benefit if the initial monthly benefit would be less than one hundred dollars. The one hundred dollar limit shall be increased annually as determined […]
RCW 41.35.680 Retirement eligibility. (1) NORMAL RETIREMENT. Any member who is at least age sixty-five and who has: (a) Completed ten service credit years; or (b) Completed five service credit years, including twelve service credit months after attaining age forty-four; or (c) Completed five service credit years by September 1, 2000, under the public employees’ […]
RCW 41.35.683 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 membership in 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 […]
RCW 41.35.690 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 shall be eligible to receive an allowance under the provisions of plan 3. The member shall receive a monthly disability allowance computed as provided […]
RCW 41.35.700 Restored, purchased service credit under plan 2—Transfer to plan 3. (1) Any member who elects to transfer to plan 3 and has eligible unrestored withdrawn contributions in plan 2, may restore such contributions under the provisions of RCW 41.35.500 with interest as determined by the department. The restored plan 2 service credit will […]
RCW 41.35.710 Death benefits. (1) If a member dies prior to retirement, the surviving spouse or eligible child or children shall receive a retirement allowance computed as provided in RCW 41.35.620 actuarially reduced to reflect a joint and one hundred percent survivor option and, except under subsection (2) of this section, if the member was […]
RCW 41.35.720 Employer contribution rates. The required contribution rates to the retirement system for 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. The employer contribution rate calculated […]
RCW 41.35.900 Benefits not contractual right until September 1, 2000. The benefits provided pursuant to chapter 341, Laws of 1998 are not provided to employees as a matter of contractual right prior to September 1, 2000. The legislature retains the right to alter or abolish these benefits at any time prior to September 1, 2000. […]
RCW 41.35.901 Effective date—1998 c 341. Except for sections 303, 306 through 309, 404, 505, 507, 515, 701, 707, and 710 through 713 of this act, this act takes effect September 1, 2000. [ 1998 c 341 § 714.]
