Wash. Rev. Code ch. 41.45 – Actuarial funding of state retirement systems. | Midpage

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Revised Code of Washington

Chapter 41.45

Wash. Rev. Code ch. 41.45

Actuarial funding of state retirement systems.

41.45.010Intent—Goals.41.45.020Definitions.41.45.030State actuary to submit information on the experience and financial condition of each retirement system—Adoption of long-term economic assumptions.41.45.035Long-term economic assumptions—Investment rate of return assumptions—Asset value smoothing technique.41.45.050Contributions to be based on rates established in this chapter—Allocation formula for contributions.41.45.060Basic state and employer contribution rates—Methods used—Role of council—Role of state actuary.41.45.0604Contribution rates—Law enforcement officers' and firefighters' retirement system plan 2.41.45.061Required contribution rates for plan 2 members.41.45.062Annual contribution rate increases—Employer, state, and plan 2 members.41.45.0621Plan 1 unfunded accrued actuarial liabilities—Contributions in addition to RCW 41.45.062—Intent.41.45.0631Washington state patrol retirement system—Contribution rates—Allocation of costs.41.45.067Failure of state or employer to make required contribution—Resulting increase in contribution rate borne in full by state or employer—Members' 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 council—Created.41.45.105Pension funding council—State actuary appointment, removal, and salary.41.45.110Pension funding council—Audits required—Select committee on pension policy.41.45.120Pension funding work group.41.45.130Public employees' retirement system plan 2 assets divided—Assets transferred to school employees' retirement system.41.45.150Unfunded liabilities—Employer contribution rates.41.45.155Certain plans 2 and 3 normal costs—Minimum basic employer contribution rates.41.45.158Certain plans 2 and 3 normal costs—Minimum member contribution rates.41.45.200Contribution rates for certain justices and judges—Public employees' retirement system.41.45.203Contribution rates for certain justices and judges—Teachers' retirement system.41.45.207Contribution rates for certain district or municipal court judges—Public employees' retirement system.41.45.230Pension funding stabilization account—Creation.