Chapter 41.45 RCW

ACTUARIAL FUNDING OF STATE RETIREMENT SYSTEMS

Sections
IntentGoals.
Definitions.
State actuary to submit information on the experience and financial condition of each retirement systemAdoption of long-term economic assumptions.
Long-term economic assumptionsInvestment rate of return assumptionsAsset value smoothing technique.
Contributions to be based on rates established in this chapterAllocation formula for contributions.
Basic state and employer contribution ratesMethods usedRole of councilRole of state actuary.
Contribution ratesLaw enforcement officers' and firefighters' retirement system plan 2.
Required contribution rates for plan 2 members.
Annual contribution rate increasesEmployer, state, and plan 2 members.
Plan 1 unfunded accrued actuarial liabilitiesContributions in addition to RCW 41.45.062Intent.
Washington state patrol retirement systemContribution rateAllocation of costs.
Failure of state or employer to make required contributionResulting increase in contribution rate borne in full by state or employerMembers' contribution deducted each payroll period.
Supplemental rate.
Additional contributions may be required.
Collection of actuarial data.
Pension funding councilCreated.
Pension funding councilAudits requiredSelect committee on pension policy.
Pension funding work group.
Public employees' retirement system plan 2 assets dividedAssets transferred to school employees' retirement system.
Unfunded liabilitiesEmployer contribution rates.
Certain plans 2 and 3 normal costsMinimum basic employer contribution rates.
Certain plans 2 and 3 normal costsMinimum member contribution rates.
Contribution rates for certain justices and judgesPublic employees' retirement system.
Contribution rates for certain justices and judgesTeachers' retirement system.
Contribution rates for certain district or municipal court judgesPublic employees' retirement system.
Pension funding stabilization accountCreation.
Site Contents
Selected content listed in alphabetical order under each group