Washington Code 41.45.100 – Pension funding council — Created
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(1) The pension funding council is hereby created. The council consists of the:
Terms Used In Washington Code 41.45.100
- Council: means the pension funding council created in RCW 41. See Washington Code 41.45.020
- Department: means the department of retirement systems. See Washington Code 41.45.020
- Ranking minority member: The highest ranking (and usually longest serving) minority member of a committee or subcommittee.
(a) Director of the department of retirement systems;
(b) Director of the office of financial management;
(c) Chair and ranking minority member of the house of representatives appropriations committee; and
(d) Chair and ranking minority member of the senate ways and means committee.
The council may select officers as the members deem necessary.
(2) The pension funding council shall adopt changes to economic assumptions and contribution rates by an affirmative vote of at least four members.
[ 1998 c 283 § 2.]