RCW 32.04.080
Employees' pension, retirement, or health insurance benefits—Payment.
A mutual savings bank may provide for pensions or retirement benefits for its disabled or superannuated employees or health insurance benefits for its employees and may pay a part or all of the cost of providing such pensions or benefits in accordance with a plan adopted by its board of trustees or a board committee, none of whose members is an officer of the bank. The board of trustees of a savings bank or such a committee of the board may set aside from current earnings reserves in such amounts as the board or the committee shall deem wise to provide for the payment of future pensions or benefits.
[ 1999 c 14 § 14. Prior: 1994 c 256 § 95; 1994 c 92 § 297; 1955 c 80 § 2; 1955 c 13 § 32.04.080; prior: 1949 c 119 § 1; 1937 c 64 § 2; 1935 c 87 § 1; Rem. Supp. 1949 § 3366-1.]
NOTES:
Findings—Construction—1994 c 256: See RCW 43.320.007.
Structure Revised Code of Washington
Title 32 - Washington Savings Bank Act
Chapter 32.04 - General Provisions.
32.04.012 - Limits on loans and extensions of credit.
32.04.015 - Duty to comply—Violations—Penalty.
32.04.022 - "Mortgage" includes deed of trust.
32.04.025 - Powers as to horizontal property regimes or condominiums.
32.04.030 - Branches—Director's approval—Conditions—Definition.
32.04.035 - Agency agreements—Written notice to director.
32.04.070 - Certified copies of records as evidence.
32.04.080 - Employees' pension, retirement, or health insurance benefits—Payment.
32.04.085 - Pension, retirement, or health insurance benefits—Supplementation.
32.04.100 - Penalty for falsification.
32.04.110 - Penalty for concealing or destroying evidence.
32.04.120 - Specific penalties invoked.
32.04.150 - Cost of examination.
32.04.170 - Conversion to mutual savings bank of savings and loan association.
32.04.190 - Bank stabilization act.
32.04.200 - Capital notes or debentures.
32.04.210 - Saturday closing authorized.
32.04.211 - Examinations directed—Cooperative agreements and actions.
32.04.220 - Examination reports and other information—Confidential—Privileged—Penalty.
32.04.260 - Temporary cease and desist orders—Reasons for issuance.
32.04.280 - Violation of temporary cease and desist order—Injunction to enforce order.
32.04.310 - Automated teller machines and night depositories security.