RCW 41.45.130
Public employees' retirement system plan 2 assets divided—Assets transferred to school employees' retirement system.
Upon the advice of the state actuary, the state treasurer shall divide the assets in the public employees' retirement system plan 2 as of September 1, 2000, in such a manner that sufficient assets remain in plan 2 to maintain the employee contribution rate calculated in the latest actuarial valuation of the public employees' retirement system plan 2. The state actuary shall take into account changes in assets that occur between the latest actuarial valuation and the date of transfer. The balance of the assets shall be transferred to the Washington school employees' retirement system plan 2 and 3.
[ 1998 c 341 § 407.]
NOTES:
Effective date—1998 c 341: See RCW 41.35.901.
Structure Revised Code of Washington
Title 41 - Public Employment, Civil Service, and Pensions
Chapter 41.45 - Actuarial Funding of State Retirement Systems.
41.45.061 - Required contribution rates for plan 2 members.
41.45.062 - Annual contribution rate increases—Employer, state, and plan 2 members.
41.45.0631 - Washington state patrol retirement system—Contribution rates—Allocation of costs.
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.
41.45.150 - 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.