Revised Code of Washington - RCW Title 41 Public Employment, Civil Service, And Pensions - Chapter 41.34 Plan 3 Retirement System Contributions

41.34.010 Purpose
The purpose of chapter 239, Laws of 1995 is to: (1) Provide a fair and reasonable value from the retirement system for those who leave ...

41.34.020 Definitions
As used in this chapter, the following terms have the meanings indicated: (1) "Actuary" means the state actuary or the office of the state actuary. ...

41.34.030 Application of chapter -- Plan 3 elements
(1) This chapter applies only to members of plan 3 retirement systems created under chapters 41.32, 41.35, and 41.40 RCW. (2) Plan 3 consists of ...

41.34.040 Contributions -- Rate structures -- Annual option
(1) A member shall contribute from his or her compensation according to one of the following rate structures in addition to the mandatory minimum five ...

41.34.050 Legislature may contribute to members' accounts
The legislature may authorize contributions to the members' accounts for a biennium through budget appropriation.[1995 c 239 § 205.]Notes: Intent -- Purpose -- 1995 c ...

41.34.060 Members' accounts -- Investment -- Election
(1) Except as provided in subsection (3) of this section, the member's account shall be invested by the state investment board. In order to reduce ...

41.34.070 Distribution options
(1) If the member retires, becomes disabled, or otherwise terminates employment, the balance in the member's account may be distributed in accordance with an option ...

41.34.080 Benefits exempt from taxation, garnishment, other processes of law -- Exceptions
(1) Subject to subsections (2) and (3) of this section, the right of a person to a pension, an annuity, a retirement allowance, any optional ...

41.34.090 Administration of chapter -- Construction -- Severability
(1) The retirement plan created by this chapter shall be administered so as to comply with the federal Internal Revenue Code, Title 26 U.S.C., and ...

41.34.100 Benefits not contractual right until date specified
(1) The benefits provided pursuant to chapter 239, Laws of 1995 are not provided to employees as a matter of contractual right prior to July ...

41.34.110 Reentry
A member who separates from service and then reestablishes membership may restore contributions to the member account.[1996 c 39 § 12.]Notes: Effective dates -- 1996 ...

41.34.120 Money, property, income held in trust
All moneys in members' accounts, all property and rights purchased therewith, and all income attributable thereto, shall be held in trust by the state investment ...

41.34.130 Self-directed investment -- Duties of state investment board and department -- Expenses -- Recordkeeping
(1) The state investment board has the full authority to invest all self-directed investment moneys in accordance with RCW 43.84.150 and 43.33A.140, and cumulative investment ...

41.34.140 Liability for loss or deficiencies -- Limitations
(1) A state board or commission, agency, or any officer, employee, or member thereof is not liable for any loss or deficiency resulting from member ...