Date of Adoption: October 15, 1999.

Purpose: Amending chapter 491-02 WAC to adopt new actuarial tables for use in calculating joint survivor option for pensions.

Citation of Existing Rules Affected by this Order: Amending chapter 491-02 WAC.

Statutory Authority for Adoption: RCW 41.24.290(2).

Adopted under notice filed as WSR 99-18-021 on August 23, 1999.

Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.

Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0. Effective Date of Rule: January 1, 2000.

October 15, 1999

Joseph H. Faubion

Executive Secretary

OTS-3251.1

AMENDATORY SECTION(Amending WSR 90-24-033, filed 11/30/90, effective 12/31/90)

WAC 491-02-095
Actuarial tables, schedules, and factors.

This chapter contains the tables, schedules, and factors adopted by the board for volunteer fire fighters pursuant to the authority granted by RCW 41.24.185 for calculating optional retirement allowances of members of retirement systems administered by the board.  These tables, schedules, and factors were adopted by the board upon the recommendation of and in light of the findings of the state actuary in his regular actuarial investigation into the mortality, service, compensation, and other experience of the members and beneficiaries of such retirement systems.  The tables, schedules, and factors contained in this chapter shall govern the retirement allowances only of members retiring during the period from January 1, ((1991)) 2000, until such time as these tables, schedules, and factors are amended by the board following the next actuarial investigation conducted by the state actuary.  The retirement allowances of members retiring before January 1, ((1991)) 2000, shall continue to be governed by the tables, schedules, and factors in effect at the time of each member's retirement.  Any new tables, schedules, and factors adopted by the board in the future shall govern retirement allowances only of members retiring after the adoption of such new tables, schedules, and factors.

((BOARD FOR VOLUNTEER FIRE FIGHTERS

TABLE #1

JOINT/SURVIVORS PENSION