Washington Code 41.32.063 – Benefit calculation — Limitation
Current as of: 2023 | Check for updates
|
Other versions
(1) The annual compensation taken into account in calculating retiree benefits under this system shall not exceed the limits imposed by section 401(a)(17) of the federal internal revenue code for qualified trusts.
Terms Used In Washington Code 41.32.063
- Department: means the department of retirement systems created in chapter 41. See Washington Code 41.32.010
- Retiree: means any person who has begun accruing a retirement allowance or other benefit provided by this chapter resulting from service rendered to an employer while a member. See Washington Code 41.32.010
(2) The department shall adopt rules as necessary to implement this section.
[ 1995 c 145 § 2.]