41.32.817  <<  41.32.818 >>   41.32.820

Public employees' retirement system members who previously declined membership in the teachers' retirement systemTransfer to plan 3Irrevocable option.

Any member of the public employees' retirement system plan 2 who is employed in an eligible position as an educational staff associate and who elected pursuant to RCW 41.32.032(2)(a) to remain a member of the public employees' retirement system under chapter 41.40 RCW may make an irrevocable option before January 1, 1998, to transfer to plan 3 pursuant to RCW 41.32.817, PROVIDED THAT:
(1) Only service credit for previous periods of employment in a position covered by RCW 41.32.010 is transferred to plan 3;
(2) Equivalent accumulated employee and employer contributions attributable to service covered by subsection (1) of this section are transferred to plan 3;
(3) Employer contributions transferred under this section shall be paid into the teachers' retirement system combined plan 2 and 3 fund.


Effective dates1996 c 39: See note following RCW 41.32.010.
IntentPurpose1995 c 239: See note following RCW 41.32.831.
Effective datePart and subchapter headings not law1995 c 239: See notes following RCW 41.32.005.
Benefits not contractual right until date specified: RCW 41.34.100.
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