Wash. Rev. Code § 41.32.350

Current through the 2024 Regular Session

Section 41.32.350 - Purchase of additional annuity-Member contribution rate

A member may make an additional lump sum payment at date of retirement, not to exceed the member's accumulated contributions, to purchase additional annuity. A contribution of six percent of earnable compensation is required from each member, except as provided under RCW 41.32.013.

RCW 41.32.350

1991 c 35 § 46; 1990 c 274 § 7; 1973 1st ex.s. c 189 § 6; 1963 ex.s. c 14 § 7; 1955 c 274 § 16; 1947 c 80 § 35; Rem. Supp. 1947 § 4995-54. Prior: 1941 c 97 § 5, part; 1939 c 86 § 5, part; 1937 c 221 § 6, part; 1931 c 115 § 4, part; 1923 c 115 § 11, part; 1917 c 163 § 10, part; Rem. Supp. 1941 § 4995-6, part.

Intent-1991 c 35: See note following RCW 41.26.005.

Findings-Effective date-Construction-1990 c 274: See notes following RCW 41.32.010.

Severability-1973 1st ex.s. c 189: See note following RCW 41.50.215.

Savings-Severability-Effective date-1963 ex.s. c 14: See notes following RCW 41.32.010.

Members' retirement contributions-Payment by employer: RCW 41.04.445.