RCW 28A.400.240
Deferred compensation plan for school district or educational service district employees—Limitations.
In addition to any other powers and duties, any school district or educational service district may contract with any classified or certificated employee to defer a portion of that employee's income, which deferred portion shall in no event exceed the appropriate internal revenue service exclusion allowance for such plans, and shall subsequently with the consent of the employee, deposit or invest in a credit union, savings and loan association, bank, mutual savings bank, or purchase life insurance, shares of an investment company, or a fixed and/or variable annuity contract, for the purpose of funding a deferred compensation program for the employee, from any life underwriter or registered representative duly licensed by this state who represents an insurance company or an investment company licensed to contract business in this state. In no event shall the total investments or payments, and the employee's nondeferred income for any year exceed the total annual salary, or compensation under the existing salary schedule or classification plan applicable to such employee in such year. Any income deferred under such a plan shall continue to be included as regular compensation, for the purpose of computing the retirement and pension benefits earned by any employee, but any sum so deducted shall not be included in the computation of any taxes withheld on behalf of any such employee.
[ 2001 c 266 § 1; 1975 1st ex.s. c 205 § 1; 1974 ex.s. c 11 § 1. Formerly RCW 28A.58.740.]
Structure Revised Code of Washington
Title 28A - Common School Provisions
28A.400.005 - Condensed compliance reports—Second-class districts.
28A.400.007 - Staffing enrichments to the program of basic education.
28A.400.009 - Secondary traumatic stress—Policy and procedure.
28A.400.020 - Directors' and superintendents' signatures filed with auditor.
28A.400.030 - Superintendent's duties.
28A.400.100 - Principals and vice principals—Employment of—Qualifications—Duties.
28A.400.205 - Salary inflationary increases for employees—"Inflationary adjustment index" defined.
28A.400.206 - Cost-of-living increases—Duty of state.
28A.400.212 - Employee attendance incentive program—Effect of early retirement.
28A.400.220 - Employee salary or compensation—Limitations respecting.
28A.400.230 - Deposit of cumulative total of earnings of group of employees—Authorized—Conditions.
28A.400.250 - Tax deferred annuities—Regulated company stock.
28A.400.270 - Employee benefit—Definitions.
28A.400.280 - Employee benefits—Employer contributions—Optional benefits—Annual report.
28A.400.285 - Contracts for services performed by classified employees.
28A.400.302 - Application question on administrative leave.
28A.400.303 - Record checks for employees and certain volunteers and contractors—Cost.
28A.400.305 - Record check information—Access—Rules.
28A.400.309 - K-12 criminal background check account.
28A.400.310 - Law against discrimination applicable to districts' employment practices.
28A.400.315 - Employment contracts.
28A.400.317 - Physical abuse or sexual misconduct by school employees—Duty to report—Training.
28A.400.322 - Crimes against children—Crimes specified.
28A.400.330 - Crimes against children—Contractor employees—Termination of contract.
28A.400.332 - Use of persons, money, or property for private gain.
28A.400.340 - Notice of discharge to contain notice of right to appeal if available.
28A.400.345 - School safety and security staff—Required training.
28A.400.360 - Liability insurance for officials and employees authorized.
28A.400.370 - Mandatory insurance protection for employees.
28A.400.380 - Leave sharing program.
28A.400.391 - Insurance for retired and disabled employees—Application—Rules.
28A.400.395 - Insurance for retired employees and their dependents—Method of payment of premium.
28A.400.410 - Payment to the public employees' and retirees' insurance account.