§ 33.16.150. Pensions, retirement plans and other benefits
An association may provide for pensions, retirement plans and other benefits for its officers and employees, and may contribute to the cost thereof in accordance with the plan adopted by its board of directors. Any officer or employee of the association who is also a director or any director who has been an officer or employee is eligible for and may receive such pension, retirement plan, or other benefit to the extent that the officer or employee regularly participates or the director while an officer or employee regularly participated in the operation of the association.
[1982 c 3 § 36; 1945 c 235 § 38; Rem. Supp. 1945 § 3717-157.]
Notes:
Severability -- 1982 c 3: See note following RCW 33.04.002.
Sections: Previous 33.16.010 33.16.020 33.16.030 33.16.040 33.16.050 33.16.060 33.16.080 33.16.090 33.16.120 33.16.130 33.16.150 33.16.170 Next
Last modified: April 7, 2009