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Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
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Title 41. PUBLIC EMPLOYMENT, CIVIL SERVICE, AND PENSIONS |
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Chapter 41.32. Teachers' retirement. |
Section 41.32.350. Purchase of additional annuity.
Latest version.
- 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.[ 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.]NOTES: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.
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.