Washington Code 41.40.048 – Employer’s contribution — Computation — Billing
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(1) The director shall report to each employer the contribution rates required for the ensuing biennium or fiscal year, whichever is applicable.
Terms Used In Washington Code 41.40.048
- Director: means the director of the department. See Washington Code 41.40.010
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Member: means any employee included in the membership of the retirement system, as provided for in RCW 41. See Washington Code 41.40.010
- Membership service: means :
Washington Code 41.40.010
(2) Beginning September 1, 1990, the amount to be collected as the employer’s contribution shall be computed by applying the applicable rates established in chapter 41.45 RCW to the total compensation earnable of employer’s members as shown on the current payrolls of the said employer. In addition, the director shall determine and collect the additional employer contribution rate necessary to fund the benefits granted officials holding office pursuant to Articles II and III of the Constitution of the state of Washington and RCW 48.02.010. Each said employer shall compute at the end of each month the amount due for that month and the same shall be paid as are its other obligations. Effective January 1, 1987, however, no contributions are required for any calendar month in which the member is not granted service credit.
(3) In the event of failure, for any reason, of an employer other than a political subdivision of the state to have remitted amounts due for membership service of any of the employer’s members rendered during a prior biennium, the director shall bill such employer for such employer’s contribution together with such charges as the director deems appropriate in accordance with RCW 41.50.120. Such billing shall be paid by the employer as, and the same shall be, a proper charge against any moneys available or appropriated to such employer for payment of current biennial payrolls.
[ 1989 c 273 § 23; 1986 c 268 § 5; 1985 c 138 § 1; 1982 1st ex.s. c 52 § 22; 1979 c 151 § 63; 1977 ex.s. c 295 § 20; 1963 c 126 § 1; 1961 c 291 § 12; 1949 c 240 § 26; 1947 c 274 § 38; Rem. Supp. 1947 § 11072-38. Formerly RCW 41.40.370.]
NOTES:
Effective dates—1982 1st ex.s. c 52: See note following RCW 2.10.180.