2005 Washington Revised Code RCW 41.45.061: Required contribution rates for plan 2 members.
(1) The required contribution rate for members of the plan 2 teachers' retirement system shall be fixed at the rates in effect on July 1, 1996, subject to the following:
(a) Beginning September 1, 1997, except as provided in (b) of this subsection, the employee contribution rate shall not exceed the employer plan 2 and 3 rates adopted under RCW 41.45.060, * 41.45.054, and 41.45.070 for the teachers' retirement system;
(b) In addition, the employee contribution rate for plan 2 shall be increased by fifty percent of the contribution rate increase caused by any plan 2 benefit increase passed after July 1, 1996;
(c) In addition, the employee contribution rate for plan 2 shall not be increased as a result of any distributions pursuant to section 309, chapter 341, Laws of 1998 and RCW 41.31A.020.
(2) The required contribution rate for members of the school employees' retirement system plan 2 shall equal the school employees' retirement system employer plan 2 and 3 contribution rate adopted under RCW 41.45.060, * 41.45.054, and 41.45.070, except as provided in subsection (3) of this section.
(3) The member contribution rate for the school employees' retirement system plan 2 shall be increased by fifty percent of the contribution rate increase caused by any plan 2 benefit increase passed after September 1, 2000.
(4) The required contribution rate for members of the public employees' retirement system plan 2 shall be set at the same rate as the employer combined plan 2 and plan 3 rate.
(5) The required contribution rate for members of the law enforcement officers' and fire fighters' retirement system plan 2 shall be set at fifty percent of the cost of the retirement system.
(6) The employee contribution rates for plan 2 under subsections (3) and (4) of this section shall not include any increase as a result of any distributions pursuant to RCW 41.31A.020 and 41.31A.030.
(7) The required plan 2 and 3 contribution rates for employers shall be adopted in the manner described in RCW 41.45.060, * 41.45.054, and 41.45.070.
(8) The required contribution rate for members of the public safety employees' retirement system plan 2 shall be set at fifty percent of the cost of the retirement system.
[2004 c 242 § 40. Prior: 2001 2nd sp.s. c 11 § 13; 2001 2nd sp.s. c 11 § 12; 2001 c 180 § 1; prior: 2000 c 247 § 506; 2000 c 230 § 2; 1998 c 341 § 405; 1997 c 10 § 2; 1995 c 239 § 311.]
| *Reviser's note: RCW 41.45.054 was decodified pursuant to 2005 c 370 § 5, effective September 1, 2005.
Effective date -- 2004 c 242: See RCW 41.37.901.
Effective date -- 2001 2nd sp.s. c 11: See note following RCW 41.45.030.
Effective date -- 2001 2nd sp.s. c 11: See note following RCW 41.45.010.
Effective date -- 2001 c 180 §§ 1 and 2: "Sections 1 and 2 of this act take effect March 1, 2002." [2001 c 180 § 6.]
Effective dates -- Subchapter headings not law -- 2000 c 247: See RCW 41.40.931 and 41.40.932.
Effective date -- 2000 c 230: See note following RCW 41.35.630.
Effective date -- 1998 c 341: See RCW 41.35.901.
Intent -- Purpose -- 1995 c 239: See note following RCW 41.32.831.
Effective date -- Part and subchapter headings not law -- 1995 c 239: See notes following RCW 41.32.005.
|