Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
Title 41. PUBLIC EMPLOYMENT, CIVIL SERVICE, AND PENSIONS |
Chapter 41.32. Teachers' retirement. |
Section 41.32.818. Public employees' retirement system members who previously declined membership in the teachers' retirement system—Transfer to plan 3—Irrevocable option.
Latest version.
- Any member of the public employees' retirement system plan 2 who is employed in an eligible position as an educational staff associate and who elected pursuant to RCW 41.32.032(2)(a) to remain a member of the public employees' retirement system under chapter 41.40 RCW may make an irrevocable option before January 1, 1998, to transfer to plan 3 pursuant to RCW 41.32.817, PROVIDED THAT:(1) Only service credit for previous periods of employment in a position covered by RCW 41.32.010 is transferred to plan 3;(2) Equivalent accumulated employee and employer contributions attributable to service covered by subsection (1) of this section are transferred to plan 3;(3) Employer contributions transferred under this section shall be paid into the teachers' retirement system combined plan 2 and 3 fund.