RCW 41.35.510
Transfer to plan 3—Irrevocable option.
(1) Every plan 2 member employed by an employer in an eligible position has the option to make an irrevocable transfer to plan 3.
(2) All service credit in plan 2 shall be transferred to the defined benefit portion of plan 3.
(3) Any plan 2 member who wishes to transfer to plan 3 after February 28, 2001, may transfer during the month of January in any following year, provided that the member earns service credit for that month.
(4) The accumulated contributions in plan 2, less fifty percent of any contributions made pursuant to RCW 41.50.165(2) shall be transferred to the member's account in the defined contribution portion established in chapter 41.34 RCW, pursuant to procedures developed by the department and subject to RCW 41.34.090. Contributions made pursuant to RCW 41.50.165(2) that are not transferred to the member's account shall be transferred to the fund created in RCW 41.50.075(4), except that interest earned on all such contributions shall be transferred to the member's account.
(5) The legislature reserves the right to discontinue the right to transfer under this section.
(6) Anyone previously retired from plan 2 is prohibited from transferring to plan 3.
[ 2002 c 26 § 7; 1998 c 341 § 114.]
Structure Revised Code of Washington
Title 41 - Public Employment, Civil Service, and Pensions
Chapter 41.35 - Washington School Employees' Retirement System.
41.35.015 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.
41.35.020 - System created—Administration.
41.35.033 - Membership—Service credit—Substitute employees—Rules.
41.35.035 - Membership in system—Charter school employers and employees.
41.35.040 - Nonelective position held for at least nine months—Deemed to be eligible position, when.
41.35.070 - Duty disability retirement recipients—Continued service credit.
41.35.080 - Members agree to deductions.
41.35.090 - Employer's contribution—Computation—Billing.
41.35.110 - Disability retirement—Criminal conduct.
41.35.115 - Death benefit—Course of employment—Occupational disease or infection.
41.35.120 - False statements—Penalty.
41.35.130 - Transfer of service credit from statewide city employees' retirement system.
41.35.140 - Hearing prior to appeal required—Notice.
41.35.150 - Hearing prior to appeal required—Conduct of hearing.
41.35.160 - Judicial review in accordance with administrative procedure act.
41.35.170 - Appeal—No bond required.
41.35.180 - Service credit—Computation.
41.35.1801 - Prior service—One-half service credit.
41.35.183 - Purchase of additional service credit—Costs—Rules.
41.35.190 - Effect of certain accumulated vacation leave on retirement benefits.
41.35.200 - Benefit calculation—Limitation.
41.35.210 - Post-retirement cost-of-living.
41.35.220 - Options for payment of retirement allowances—Court-approved property settlement.
41.35.235 - Purchase of life annuity benefit.
41.35.399 - Provisions applicable to plan 2 and plan 3.
41.35.400 - Computation of retirement allowance.
41.35.410 - Lump sum retirement allowance—Reentry—Reinstatement of service.
41.35.420 - Retirement eligibility.
41.35.423 - Member with terminal illness—Removal from system.
41.35.430 - Employer and member contribution rates.
41.35.440 - Earned disability allowance—Disposition upon death of recipient.
41.35.450 - Application for and effective date of retirement allowances.
41.35.470 - Leaves of absence, military service.
41.35.480 - Vested membership.
41.35.490 - Refund of contributions.
41.35.510 - Transfer to plan 3—Irrevocable option.
41.35.599 - Provisions applicable to plan 2.
41.35.600 - Provisions applicable to plan 3—Plan 3 elements.
41.35.610 - Choice of membership in plan 2 or plan 3.
41.35.612 - Right to waive benefit—Irrevocable choice.
41.35.620 - Computation of retirement allowance.
41.35.630 - Additional payment.
41.35.640 - Application for and effective date of retirement allowances.
41.35.650 - Leaves of absence, military service.
41.35.660 - Purchased service credit—Allocation.
41.35.670 - Lump sum payments—Reentry.
41.35.680 - Retirement eligibility.
41.35.683 - Member with terminal illness—Removal from system.
41.35.690 - Earned disability allowance—Disposition upon death of recipient.
41.35.700 - Restored, purchased service credit under plan 2—Transfer to plan 3.
41.35.720 - Employer contribution rates.
41.35.900 - Benefits not contractual right until September 1, 2000.