RCW 41.35.620
Computation of retirement allowance.
(1) A member of the retirement system shall receive a retirement allowance equal to one percent of such member's average final compensation for each service credit year.
(2) The retirement allowance payable under RCW 41.35.680 to a member who separates after having completed at least twenty service credit years shall be increased by twenty-five one-hundredths of one percent, compounded for each month from the date of separation to the date that the retirement allowance commences.
[ 1998 c 341 § 203.]
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.