RCW 41.28.085
Legislative intent—Investments.
In order that the intent of the legislature may be made clear with respect to investments, but without restricting the necessary flexibility that must exist for successful investing of the retirement and pension funds, the legislature makes this declaration of its desire that the investment authority shall give primary consideration to dealing with brokerage firms which maintain offices in the state of Washington so that the investment programs may make a meaningful contribution to the economy of the state. It is further the desire of the legislature that the retirement and pension funds shall be used as much as reasonably possible to benefit and expand the business and economic climate within the state of Washington so long as such use would be consistent with sound investment policy.
[ 1969 ex.s. c 211 § 3.]
Structure Revised Code of Washington
Title 41 - Public Employment, Civil Service, and Pensions
Chapter 41.28 - Retirement of Personnel in Certain First-Class Cities.
41.28.005 - Establishment of retirement and pension systems authorized.
41.28.020 - Retirement system created—Adoption by cities.
41.28.030 - Employees within or excluded from system.
41.28.040 - Rates of contribution—Deduction and payment into fund.
41.28.050 - Allowance of service credit.
41.28.070 - Employees' retirement fund created—Composition.
41.28.080 - Board of administration—Members—Duties—Fiscal affairs.
41.28.085 - Legislative intent—Investments.
41.28.090 - Contributions by city.
41.28.100 - City obligated to contribute.
41.28.110 - Payments on discontinuance of service—Reemployment—Redeposit.
41.28.120 - Retirement for service.
41.28.130 - Service retirement allowances.
41.28.140 - Retirement for disability.
41.28.150 - Disability retirement allowances—Grounds for denial.
41.28.160 - Medical examination of disability beneficiaries—Reentry.
41.28.170 - Optional allowances.
41.28.180 - Payments on death of unretired members.
41.28.190 - Payments to be made monthly.
41.28.200 - Exemption from process—Rights not assignable.
41.28.207 - Payments to spouse or ex spouse pursuant to court order.
41.28.210 - Estimates of service, compensation, or age.
41.28.220 - Suspension of allowances during other public aid.
41.28.230 - Administrative expense.
41.28.240 - Existing systems preserved.
41.28.920 - Effective date—1939 c 207.
41.28.930 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.