41.26.530  <<  41.26.540 >>   41.26.545

RCW 41.26.540

Refund of contributions on termination.

(1)(a) A member who has completed less than ten years of service, who ceases to be an employee of an employer except by service or disability retirement, may request a refund of the member's accumulated contributions.
(b) A member who has completed ten or more years of service, who ceases to be an employee of an employer except by service or disability retirement, may request a refund of one hundred fifty percent of the member's accumulated contributions. Any accumulated contributions attributable to restorations made under RCW 41.50.165(2) shall be refunded at one hundred percent.
(2) The refund shall be made within ninety days following the receipt of the request and notification of termination through the contribution reporting system by the employer; except that in the case of death, an initial payment shall be made within thirty days of receipt of request for such payment and notification of termination through the contribution reporting system by the employer. A member who files a request for refund and subsequently enters into employment with another employer prior to the refund being made shall not be eligible for a refund. The refund of accumulated contributions shall terminate all rights to benefits under RCW 41.26.410 through 41.26.550.
NOTES:
Effective date1995 c 245: See note following RCW 41.26.510.
Purpose1993 c 517: See note following RCW 41.26.420.
Effective dates1982 1st ex.s. c 52: See note following RCW 2.10.180.
Legislative direction and placementSection headings1977 ex.s. c 294: See notes following RCW 41.26.410.
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