§ 41.26.540. Refund of contributions on termination
(1)(a) A member who has completed less than ten years of service, who ceases to be an employee of an employer except by service or disability retirement, may request a refund of the member's accumulated contributions.
(b) A member who has completed ten or more years of service, who ceases to be an employee of an employer except by service or disability retirement, may request a refund of one hundred fifty percent of the member's accumulated contributions. Any accumulated contributions attributable to restorations made under RCW 41.50.165(2) shall be refunded at one hundred percent.
(2) The refund shall be made within ninety days following the receipt of the request and notification of termination through the contribution reporting system by the employer; except that in the case of death, an initial payment shall be made within thirty days of receipt of request for such payment and notification of termination through the contribution reporting system by the employer. A member who files a request for refund and subsequently enters into employment with another employer prior to the refund being made shall not be eligible for a refund. The refund of accumulated contributions shall terminate all rights to benefits under RCW 41.26.410 through 41.26.550.
[1995 c 245 § 2; 1993 c 517 § 6; 1982 1st ex.s. c 52 § 5; 1977 ex.s. c 294 § 15.]
Notes:
Effective date -- 1995 c 245: See note following RCW 41.26.510.
Purpose -- 1993 c 517: See note following RCW 41.26.420.
Effective dates -- 1982 1st ex.s. c 52: See note following RCW 2.10.180.
Legislative direction and placement -- Section headings -- 1977 ex.s. c 294: See notes following RCW 41.26.410.
Sections: Previous 41.26.473 41.26.480 41.26.490 41.26.500 41.26.510 41.26.520 41.26.530 41.26.540 41.26.547 41.26.550 41.26.700 41.26.705 41.26.710 41.26.715 41.26.7151 Next
Last modified: April 7, 2009