§ 41.32.840. Computation of the retirement allowance
(1) A member of the retirement system shall receive a retirement allowance equal to one percent of such member's average final compensation for each service credit year.
(2) The retirement allowance payable under RCW 41.32.875 to a member who separates after having completed at least twenty service credit years shall be increased by twenty-five one-hundredths of one percent, compounded for each month from the date of separation to the date that the retirement allowance commences.
[1996 c 39 § 4; 1995 c 239 § 106.]
Notes:
Effective dates -- 1996 c 39: See note following RCW 41.32.010.
Intent -- Purpose -- 1995 c 239: See note following RCW 41.32.831.
Effective date -- Part and subchapter headings not law -- 1995 c 239: See notes following RCW 41.32.005.
Benefits not contractual right until date specified: RCW 41.34.100. Sections: Previous 41.32.817 41.32.818 41.32.820 41.32.825 41.32.831 41.32.835 41.32.837 41.32.840 41.32.8401 41.32.845 41.32.851 41.32.855 41.32.860 41.32.862 41.32.865 Next
Last modified: April 7, 2009