41.32.4991  <<  41.32.4992 >>   41.32.500

Monthly benefit increaseJuly 1, 2018.

(1) Beneficiaries who are receiving a monthly benefit from the teachers' retirement system plan 1 on July 1, 2017, shall receive, effective July 1, 2018, an increase to their monthly benefit of one and one-half percent multiplied by the beneficiaries' monthly benefit, not to exceed sixty-two dollars and fifty cents.
(2) This section does not apply to those receiving benefits pursuant to RCW 41.32.489 or 41.32.540.

NOTES:

Effective date2018 c 151: "This act takes effect July 1, 2018." [ 2018 c 151 § 3.]
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