§ 41.32.042. Validity of deductions -- Interest
The deductions from salaries of members of the retirement system for their contributions to the system are not considered diminution of pay and every member is conclusively presumed to consent thereto as a condition of employment. All contributions to the member reserve shall be credited to the individual for whose account the deductions from salary were made. Regular interest shall be credited to each member's account at least annually.
[1992 c 212 § 9; 1982 1st ex.s. c 52 § 13; 1947 c 80 § 46; Rem. Supp. 1947 § 4995-65. Prior: 1941 c 97 § 5, part; 1939 c 86 § 5, part; 1937 c 221 § 6, part; Rem. Supp. 1941 § 4995-6, part. Formerly RCW 41.32.460.]
Notes:
Effective dates -- 1982 1st ex.s. c 52: See note following RCW 2.10.180.
Sections: Previous 41.32.005 41.32.010 41.32.013 41.32.020 41.32.025 41.32.032 41.32.035 41.32.042 41.32.044 41.32.052 41.32.053 41.32.054 41.32.055 41.32.062 41.32.063 Next
Last modified: April 7, 2009