Members of the faculties and such other employees exempt from civil service pursuant to RCW 41.06.070 (1)(z) and (2) as are designated by the boards of regents of the state universities, the boards of trustees of the regional universities and of The Evergreen State College, the student achievement council, or the state board for community and technical colleges who do not opt to become members of the teachers’ retirement system or the public employees’ retirement system under RCW 41.32.836 or 41.40.798, or who are not prevented from participation in an annuity or retirement plan under RCW 28B.10.400(2) shall be required to contribute not less than five percent of their salaries during each year of full-time service after the first two years of such service toward the purchase of such annuity or retirement income plan; such contributions may be in addition to federal social security tax contributions, if any.

NOTES:

Effective date2012 c 229 §§ 101, 117, 401, 402, 501 through 594, 601 through 609, 701 through 708, 801 through 821, 902, and 904: See note following RCW 28B.77.005.
IntentEffective dates2011 1st sp.s. c 47: See notes following RCW 28B.10.400.
SeverabilityNomenclatureSavings1977 ex.s. c 169: See notes following RCW 28B.10.016.
SeverabilityAppropriationEffective date1973 1st ex.s. c 149: See notes following RCW 28B.10.400.
Severability1971 ex.s. c 261: See note following RCW 28B.10.400.

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Terms Used In Washington Code 28B.10.405

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.