Wash. Rev. Code § 41.45.130

Current through the 2024 Regular Session
Section 41.45.130 - Public employees' retirement system plan 2 assets divided-Assets transferred to school employees' retirement system

Upon the advice of the state actuary, the state treasurer shall divide the assets in the public employees' retirement system plan 2 as of September 1, 2000, in such a manner that sufficient assets remain in plan 2 to maintain the employee contribution rate calculated in the latest actuarial valuation of the public employees' retirement system plan 2. The state actuary shall take into account changes in assets that occur between the latest actuarial valuation and the date of transfer. The balance of the assets shall be transferred to the Washington school employees' retirement system plan 2 and 3.

RCW 41.45.130

1998 c 341 § 407.

Effective date-1998 c 341: See RCW 41.35.901.