RCW 41.37.160
Postretirement cost-of-living.
Beginning July 1, 2006, and every year thereafter, the department shall determine the following information for each retired member or beneficiary whose retirement allowance has been in effect for at least one year:
(1) The original dollar amount of the retirement allowance;
(2) The index for the calendar year prior to the effective date of the retirement allowance, to be known as "index A";
(3) The index for the calendar year prior to the date of determination, to be known as "index B"; and
(4) The ratio obtained when index B is divided by index A.
The value of the ratio obtained shall be the annual adjustment to the original retirement allowance and shall be applied beginning with the July payment. In no event, however, shall the annual adjustment:
(a) Produce a retirement allowance which is lower than the original retirement allowance;
(b) Exceed three percent in the initial annual adjustment; or
(c) Differ from the previous year's annual adjustment by more than three percent.
For the purposes of this section, "index" means, for any calendar year, that year's average consumer price index, Seattle, Washington area, for urban wage earners and clerical workers, all items, compiled by the bureau of labor statistics, United States department of labor.
[ 2004 c 242 § 22.]
Structure Revised Code of Washington
Title 41 - Public Employment, Civil Service, and Pensions
Chapter 41.37 - Washington Public Safety Employees' Retirement System.
41.37.015 - System created—Administration.
41.37.030 - Nonelective position—Eligible position, when.
41.37.060 - Duty disability retirement recipients—Continued service credit.
41.37.070 - Members agree to deductions.
41.37.080 - Employer's contribution—Computation—Billing.
41.37.100 - Disability retirement—Criminal conduct.
41.37.110 - Death benefit—Course of employment—Occupational disease or infection.
41.37.120 - False statements—Penalty.
41.37.130 - Hearing prior to appeal required—Notice.
41.37.135 - Hearing prior to appeal required—Conduct of hearing.
41.37.140 - Judicial review of final decision.
41.37.145 - Appeal—No bond required.
41.37.150 - Effect of certain accumulated vacation leave on retirement benefits.
41.37.155 - Benefit calculation—Limitation.
41.37.160 - Postretirement cost-of-living.
41.37.170 - Options for payment of retirement allowances—Court-approved property settlement.
41.37.180 - Suspension of retirement allowance upon reemployment—Exceptions—Reinstatement.
41.37.190 - Computation of retirement allowance.
41.37.200 - Lump sum retirement allowance—Reentry—Reinstatement of service.
41.37.210 - Retirement eligibility.
41.37.220 - Employer and member contribution rates.
41.37.240 - Application for and effective date of retirement allowances.
41.37.260 - Leaves of absence, military service.
41.37.265 - Purchase of additional service credit—Costs—Rules.
41.37.270 - Vested membership.
41.37.280 - Refund of contributions.
41.37.295 - Purchase of life annuity benefit.
41.37.900 - Benefits not contractual right until July 1, 2006.
41.37.901 - Effective date—2004 c 242.
41.37.902 - Construction—Chapter applicable to state registered domestic partnerships—2009 c 521.