Washington Code 41.32.067 – Purchase of additional benefits — Conditions
Current as of: 2023 | Check for updates
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A member may purchase additional benefits subject to the following:
Terms Used In Washington Code 41.32.067
- Member: means any teacher included in the membership of the retirement system who has not been removed from membership under RCW 41. See Washington Code 41.32.010
- Member reserve: means the fund in which all of the accumulated contributions of members are held. See Washington Code 41.32.010
(1) The member shall pay all reasonable administrative and clerical costs; and
(2) The member shall make a member reserve contribution to be actuarially converted to a monthly benefit at the time of retirement.