Higher education employees — Option to transfer to plan 3 — Limitation on supplemental benefits under RCW 28B.10.400.

(1) All employees who are not qualified under RCW 41.32.836 and who are first employed by an institution of higher education in a position eligible for participation in old age annuities or retirement income plans under RCW 28B.10.400 on or after July 1, 2011, have a period of thirty days to make an irrevocable choice to:

     (a) Become a member of the public employees' retirement system plan 3 under this chapter; or

     (b) Participate in the annuities or retirement income plan provided by the institution.

     (2) At the end of thirty days, if the member has not made a choice to become a member of the public employees' retirement system, he or she becomes a participant in the institution's plan under RCW 28B.10.400, but does not become eligible for any supplemental benefit under RCW 28B.10.400(1)(c).

[2011 1st sp.s. c 47 § 18.]

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