Chapter 41.45 RCW

ACTUARIAL FUNDING OF STATE RETIREMENT SYSTEMS

Sections

41.45.010IntentGoals.
41.45.020Definitions.
41.45.030State actuary to submit information on the experience and financial condition of each retirement systemAdoption of long-term economic assumptions.
41.45.035Long-term economic assumptionsInvestment rate of return assumptionsAsset value smoothing technique.
41.45.050Contributions to be based on rates established in this chapterAllocation formula for contributions.
41.45.060Basic state and employer contribution ratesMethods usedRole of councilRole of state actuary.
41.45.0604Contribution ratesLaw enforcement officers' and firefighters' retirement system plan 2.
41.45.061Required contribution rates for plan 2 members.
41.45.062Annual contribution rate increasesEmployer, state, and plan 2 members.
41.45.0621Plan 1 unfunded accrued actuarial liabilitiesContributions in addition to RCW 41.45.062Intent.
41.45.0631Washington state patrol retirement systemContribution rateAllocation of costs.
41.45.067Failure of state or employer to make required contributionResulting increase in contribution rate borne in full by state or employerMembers' contribution deducted each payroll period.
41.45.070Supplemental rate.
41.45.080Additional contributions may be required.
41.45.090Collection of actuarial data.
41.45.100Pension funding councilCreated.
41.45.110Pension funding councilAudits requiredSelect committee on pension policy.
41.45.120Pension funding work group.
41.45.130Public employees' retirement system plan 2 assets dividedAssets transferred to school employees' retirement system.
41.45.150Unfunded liabilitiesEmployer contribution rates.
41.45.155Certain plans 2 and 3 normal costsMinimum basic employer contribution rates.
41.45.158Certain plans 2 and 3 normal costsMinimum member contribution rates.
41.45.200Contribution rates for certain justices and judgesPublic employees' retirement system.
41.45.203Contribution rates for certain justices and judgesTeachers' retirement system.
41.45.207Contribution rates for certain district or municipal court judgesPublic employees' retirement system.
41.45.230Pension funding stabilization accountCreation.
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