yourstate.us

Revised Code of Washington Chapter 41.40 — Washington Public Employees' Retirement System

Washington · statute · Wash. Rev. Code ch. 41.40 · 131 active provisions

131 active provisions.

Wash. Rev. Code § 41.40.010

Definitions. (Effective until June 30, 2029.)

As used in this chapter, unless a different meaning is plainly required by the context:(1) "Accumulated contributions" means the sum of all contributions standing to the credit of a member in the member's individual account, including any amount paid under RCW 41.50.165(2), together with the regular interest thereon.(2…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.015

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 and married person…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.023

Membership. (Effective until January 1, 2027.)

Membership in the retirement system shall consist of all regularly compensated employees and appointive and elective officials of employers, as defined in this chapter, with the following exceptions:(1) Persons in ineligible positions;(2) Employees of the legislature except the officers thereof elected by the members o…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.035

Service credit prohibited for certain members of committees, boards, and commissions and for certain appointive and elective officials

(1) No person appointed to membership on any committee, board, or commission on or after July 1, 1976, who is compensated for service on such committee, board, or commission for fewer than ten days or seventy hours in any month, whichever amount is less, shall receive service credit for such service for that month: PRO…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.037

Service by retirees—Break in employment requirement—Reduction of retirement allowance upon reemployment—Reestablishment of membership. (Effective until June 30, 2029.)

(1)(a) If a retiree enters employment with an employer sooner than one calendar month after his or her accrual date, the retiree's monthly retirement allowance will be reduced by five and one-half percent for every eight hours worked during that month. This reduction will be applied each month until the retiree remains…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.052

Exemption from taxation and judicial process—Exceptions—Assignability—Deductions authorized

(1) Subject to subsections (2), (3), and (4) of this section, the right of a person to a pension, an annuity, or retirement allowance, any optional benefit, any other right accrued or accruing to any person under the provisions of this chapter, the various funds created by this chapter, and all moneys and investments a…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.056

Establishment of service credit—Former employees—Employers admitted before July 23, 1995

Except as qualified by RCW 41.40.023, for employers that were admitted into the retirement system before July 23, 1995, membership service may be established for the employer's former employees who are active members of the system if the member or member's former employer pays an amount equal to the employer and member…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.057

Establishment of service credit—Current and former employees—Employers admitted after July 23, 1995

(1) This section applies to the establishment of membership service with employers admitted to the retirement system after July 23, 1995.(2) For current employees, membership service may be established for periods of employment with an employer prior to the employer's admission into the retirement system by making the…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.059

Credit for service in Seattle's police relief and pension fund system. (Effective until June 30, 2029.)

Any active member of this retirement system who has previously established ten or more years' service credit in the city of Seattle's police relief and pension fund system, who withdrew his or her contributions from Seattle's police relief and pension fund system prior to July 1, 1961, and who has never been a member o…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.061

Credit for service in Seattle's police relief and pension fund system—Terms and conditions

(1) A member who fulfills the requirements of RCW 41.40.059 may file a written declaration no later than September 30, 1992, with the department and the Seattle police relief and pension fund system indicating the member's desire to make an irrevocable transfer of credit from the Seattle system to this retirement syste…

WashingtonWashington Public Employees' Retirement Systemeffective
Wash. Rev. Code § 41.40.062

Optional entry of system by political subdivisions or associations of political subdivisions—Procedure—School districts declared employers and eligible employees members of system—Exception

(1) The members and appointive and elective officials of any political subdivision or association of political subdivisions of the state may become members of the retirement system by the approval of the local legislative authority.(2) On and after September 1, 1965, every school district of the state of Washington sha…

WashingtonWashington Public Employees' Retirement Systemeffective