41.32.350 - Purchase of additional annuity. - Washington Statutes

Purchase of additional annuity.

A member may make an additional lump sum payment at date of retirement, not to exceed the member's accumulated contributions, to purchase additional annuity. A contribution of six percent of earnable compensation is required from each member, except as provided under RCW 41.32.013.

[1991 c 35 § 46; 1990 c 274 § 7; 1973 1st ex.s. c 189 § 6; 1963 ex.s. c 14 § 7; 1955 c 274 § 16; 1947 c 80 § 35; Rem. Supp. 1947 § 4995-54. Prior: 1941 c 97 § 5, part; 1939 c 86 § 5, part; 1937 c 221 § 6, part; 1931 c 115 § 4, part; 1923 c 115 § 11, part; 1917 c 163 § 10, part; Rem. Supp. 1941 § 4995-6, part.]

Notes: Intent -- 1991 c 35: See note following RCW 41.26.005.

Findings -- Effective date -- Construction -- 1990 c 274: See notes following RCW 41.32.010.

Severability -- 1973 1st ex.s. c 189: See note following RCW 41.50.215.

Savings -- Severability -- Effective date -- 1963 ex.s. c 14: See notes following RCW 41.32.010.

Members' retirement contributions -- Payment by employer: RCW 41.04.445.