WAC 415-10-020:

WACs > Title 415 > Chapter 415-10 > Section 415-10-020

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415-10-010 << 415-10-020 >> 415-10-030

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PDFWAC 415-10-020

Definitions.

As used in this chapter:

(1) Annual average salary means:

(a) In PERS Plan 1, TRS Plan 1 or WSPRS Plan 1: The average of your two highest consecutive years of compensation as of the date of your service credit purchase.

(b) In Plan 2 or Plan 3: The average of your five highest consecutive years of compensation as of the date of your service credit purchase.

(c) In PSERS: The average of your five highest consecutive years of compensation as of the date of your service credit purchase.

(d) In LEOFF Plan 1: The basic salary attached to your position at the date of your service credit purchase.

(2) Factors means the actuarial cost factors calculated by the state actuary and, except as noted below, adopted by the department that are used in the formulas for calculating the cost of a service credit purchase. The law enforcement officers' and firefighters' (LEOFF) retirement board adopts the LEOFF Plan 2 factors.

(3) LEOFF means the law enforcement officers' and firefighters' retirement system established under chapter 41.26 RCW.

(4) PERS means the public employees' retirement system established under chapter 41.40 RCW.

(5) PSERS means the public safety employees' retirement system established under chapter 41.37 RCW.

(6) SERS means the school employees' retirement system established under chapter 41.35 RCW.

(7) Service credit being purchased means the number of service credit months or service credit years you are purchasing.

(8) TRS means the teachers' retirement system established under chapter 41.32 RCW.

(9) WSPRS means the Washington state patrol retirement system established under chapter 43.43 RCW.

[Statutory Authority: RCW 41.50.050(5). WSR 14-06-053, § 415-10-020, filed 2/27/14, effective 10/1/14. Statutory Authority: RCW 41.50.050(5) and chapter 41.37 RCW. WSR 08-02-048, § 415-10-020, filed 12/27/07, effective 1/27/08. Statutory Authority: RCW 41.50.050(5), 41.50.165. WSR 03-15-006, § 415-10-020, filed 7/3/03, effective 8/3/03. Statutory Authority: RCW 41.50.050(5) and chapter 41.45 RCW. WSR 02-03-120, § 415-10-020, filed 1/23/02, effective 3/1/02. Statutory Authority: Chapter 41.50 RCW. WSR 00-22-049, § 415-10-020, filed 10/27/00, effective 11/27/00. Statutory Authority: RCW 41.50.050 and 41.50.165. WSR 97-01-014, § 415-10-020, filed 12/6/96, effective 1/6/97.]