Revised Code of Washington
Chapter 41.45 - Actuarial Funding of State Retirement Systems.
41.45.0604 - Contribution rates—Law enforcement officers' and firefighters' retirement system plan 2.

RCW 41.45.0604
Contribution rates—Law enforcement officers' and firefighters' retirement system plan 2.

(1)(a) Not later than July 31, 2008, and every even-numbered year thereafter, the law enforcement officers' and firefighters' plan 2 retirement board shall adopt contribution rates for the law enforcement officers' and firefighters' retirement system plan 2 as provided in RCW 41.26.720(1)(a).
(b) For 2021-2023 and 2023-2025 fiscal biennia, contribution rates for the law enforcement officers' and firefighters' retirement system plan 2 may not exceed the rates adopted by the law enforcement officers' and firefighters' plan 2 retirement board in 2020.
(2) The law enforcement officers' and firefighters' plan 2 retirement board shall immediately notify the directors of the office of financial management and department of retirement systems of the state, employer, and employee rates adopted. Thereafter, the director shall collect those rates adopted by the board. The rates shall be effective for the ensuing biennial period, subject to any legislative modifications.

[ 2022 c 125 § 6; 2007 c 280 § 3; 2003 c 92 § 4.]
NOTES:

Effective date—2003 c 92: See RCW 41.26.906.

Structure Revised Code of Washington

Revised Code of Washington

Title 41 - Public Employment, Civil Service, and Pensions

Chapter 41.45 - Actuarial Funding of State Retirement Systems.

41.45.010 - Intent—Goals.

41.45.020 - Definitions.

41.45.030 - State actuary to submit information on the experience and financial condition of each retirement system—Adoption of long-term economic assumptions.

41.45.035 - Long-term economic assumptions—Investment rate of return assumptions—Asset value smoothing technique.

41.45.050 - Contributions to be based on rates established in this chapter—Allocation formula for contributions.

41.45.060 - Basic state and employer contribution rates—Methods used—Role of council—Role of state actuary.

41.45.0604 - Contribution rates—Law enforcement officers' and firefighters' retirement system plan 2.

41.45.061 - Required contribution rates for plan 2 members.

41.45.062 - Annual contribution rate increases—Employer, state, and plan 2 members.

41.45.0621 - Plan 1 unfunded accrued actuarial liabilities—Contributions in addition to RCW 41.45.062—Intent.

41.45.0631 - Washington state patrol retirement system—Contribution rates—Allocation of costs.

41.45.067 - Failure of state or employer to make required contribution—Resulting increase in contribution rate borne in full by state or employer—Members' contribution deducted each payroll period.

41.45.070 - Supplemental rate.

41.45.080 - Additional contributions may be required.

41.45.090 - Collection of actuarial data.

41.45.100 - Pension funding council—Created.

41.45.110 - Pension funding council—Audits required—Select committee on pension policy.

41.45.120 - Pension funding work group.

41.45.130 - Public employees' retirement system plan 2 assets divided—Assets transferred to school employees' retirement system.

41.45.150 - Unfunded liabilities—Employer contribution rates.

41.45.155 - Certain plans 2 and 3 normal costs—Minimum basic employer contribution rates.

41.45.158 - Certain plans 2 and 3 normal costs—Minimum member contribution rates.

41.45.200 - Contribution rates for certain justices and judges—Public employees' retirement system.

41.45.203 - Contribution rates for certain justices and judges—Teachers' retirement system.

41.45.207 - Contribution rates for certain district or municipal court judges—Public employees' retirement system.

41.45.230 - Pension funding stabilization account—Creation.