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Chapter 491-02 WAC

Last Update: 10/29/16

ACTUARIAL TABLES

WAC Sections

HTMLPDF491-02-095Actuarial tables, schedules, and factors.


PDF491-02-095

Actuarial tables, schedules, and factors.

This chapter contains the tables, schedules, and factors adopted by the board for volunteer firefighters and reserve officers 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, 2017, 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, 2017, 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 Firefighters and
Reserve Officers
Table #1
Joint/Survivor Pension
Option 2 (Joint and 100% Survivor Pension with Pop-up)
Member Younger
 
Member Older
Age
Difference
Option 2 100%
 
Age
Difference
Option 2 100%
-20
 
0.941
 
 
0
 
0.850
 
-19
 
0.938
 
 
1
 
0.844
 
-18
 
0.934
 
 
2
 
0.839
 
-17
 
0.930
 
 
3
 
0.834
 
-16
 
0.926
 
 
4
 
0.829
 
-15
 
0.922
 
 
5
 
0.825
 
-14
 
0.918
 
 
6
 
0.820
 
-13
 
0.913
 
 
7
 
0.815
 
-12
 
0.909
 
 
8
 
0.811
 
-11
 
0.904
 
 
9
 
0.806
 
-10
 
0.900
 
 
10
 
0.802
 
-9
 
0.895
 
 
11
 
0.798
 
-8
 
0.890
 
 
12
 
0.794
 
-7
 
0.885
 
 
13
 
0.790
 
-6
 
0.880
 
 
14
 
0.786
 
-5
 
0.875
 
 
15
 
0.783
 
-4
 
0.870
 
 
16
 
0.779
 
-3
 
0.865
 
 
17
 
0.776
 
-2
 
0.860
 
 
18
 
0.773
 
-1
 
0.855
 
 
19
 
0.770
 
 
 
 
 
 
20
 
0.767
 
 
 
 
 
 
21
 
0.764
 
 
 
 
 
 
22
 
0.762
 
 
 
 
 
 
23
 
0.759
 
 
 
 
 
 
24
 
0.757
 
 
 
 
 
 
25
 
0.755
 
 
 
 
 
 
26
 
0.753
 
 
 
 
 
 
27
 
0.751
 
 
 
 
 
 
28
 
0.749
 
 
 
 
 
 
29
 
0.747
 
 
 
 
 
 
30
 
0.746
 
 
 
 
 
 
31
 
0.744
 
 
 
 
 
 
32
 
0.743
 
 
 
 
 
 
33
 
0.742
 
 
 
 
 
 
34
 
0.740
 
 
 
 
 
 
35
 
0.739
 
 
 
 
 
 
36
 
0.738
 
 
 
 
 
 
37
 
0.737
 
 
 
 
 
 
38
 
0.736
 
 
 
 
 
 
39
 
0.735
 
 
 
 
 
 
40
 
0.734
 
Table #2
Survivor Pension
Early Retirement Factors
Years Early
Month
0
Month
1
Month
2
Month
3
Month
4
Month
5
Month
6
Month
7
Month
8
Month
9
Month
10
Month
11
0
 
1.0000
.9926
.9852
.9778
.9704
.9630
.9557
.9483
.9409
.9335
.9261
.9187
1
 
.9113
.9047
.8981
.8915
.8849
.8783
.8717
.8651
.8585
.8519
.8453
.8387
2
 
.8321
.8262
.8203
.8144
.8085
.8026
.7967
.7908
.7849
.7789
.7730
.7671
3
 
.7612
.7559
.7506
.7453
.7400
.7347
.7294
.7241
.7188
.7135
.7082
.7028
4
 
.6975
.6928
.6880
.6832
.6784
.6736
.6689
.6641
.6593
.6545
.6497
.6450
5
 
.6402
.6359
.6316
.6272
.6229
.6186
.6143
.6100
.6057
.6014
.5970
.5927
6
 
.5884
.5845
.5806
.5767
.5728
.5689
.5650
.5611
.5572
.5533
.5493
.5454
7
 
.5415
.5380
.5345
.5309
.5274
.5238
.5203
.5167
.5132
.5096
.5061
.5026
8
 
.4990
.4958
.4926
.4894
.4861
.4829
.4797
.4765
.4733
.4700
.4668
.4636
9
 
.4604
.4574
.4545
.4516
.4486
.4457
.4428
.4398
.4369
.4340
.4310
.4281
10
 
.4252
.4225
.4198
.4171
.4145
.4118
.4091
.4064
.4037
.4011
.3984
.3957
11
 
.3930
.3906
.3881
.3857
.3832
.3808
.3783
.3759
.3735
.3710
.3686
.3661
12
 
.3637
.3614
.3592
.3569
.3547
.3525
.3502
.3480
.3457
.3435
.3413
.3390
13
 
.3368
.3347
.3327
.3306
.3286
.3265
.3244
.3224
.3203
.3183
.3162
.3142
14
 
.3121
.3102
.3083
.3065
.3046
.3027
.3008
.2989
.2970
.2951
.2932
.2914
15
 
.2895
.2877
.2860
.2843
.2825
.2808
.2791
.2773
.2756
.2738
.2721
.2704
16
 
.2686
.2670
.2654
.2639
.2623
.2607
.2591
.2575
.2559
.2543
.2527
.2511
17
 
.2495
.2480
.2465
.2451
.2436
.2421
.2406
.2392
.2377
.2362
.2347
.2333
18
 
.2318
.2304
.2291
.2277
.2264
.2250
.2236
.2223
.2209
.2196
.2182
.2169
19
 
.2155
.2142
.2130
.2117
.2105
.2092
.2080
.2067
.2055
.2042
.2029
.2017
20
 
.2004
.1993
.1981
.1969
.1958
.1946
.1935
.1923
.1911
.1900
.1888
.1877
21
 
.1865
.1854
.1844
.1833
.1822
.1811
.1801
.1790
.1779
.1768
.1758
.1747
22
 
.1736
.1726
.1716
.1706
.1696
.1686
.1677
.1667
.1657
.1647
.1637
.1627
23
 
.1617
.1608
.1598
.1589
.1580
.1571
.1562
.1552
.1543
.1534
.1525
.1516
24
 
.1506
.1498
.1489
.1481
.1472
.1464
.1455
.1446
.1438
.1429
.1421
.1412
25
 
.1404
.1396
.1388
.1380
.1372
.1364
.1356
.1348
.1340
.1332
.1324
.1317
26
 
.1309
.1301
.1294
.1287
.1279
.1272
.1264
.1257
.1250
.1242
.1235
.1228
27
 
.1220
.1213
.1207
.1200
.1193
.1186
.1179
.1172
.1166
.1159
.1152
.1145
28
 
.1138
.1132
.1125
.1119
.1113
.1106
.1100
.1094
.1087
.1081
.1075
.1068
29
 
.1062
.1057
.1052
.1046
.1041
.1036
.1031
.1026
.1021
.1015
.1010
.1005
30
+
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
Table #3
Lump-Sum Settlements
Age
Factor
Age
Factor
 
20
14.4584
 
66
10.4052
 
21
14.4415
 
67
10.1797
 
22
14.4235
 
68
9.9469
 
23
14.4043
 
69
9.7055
 
24
14.3837
 
70
9.4569
 
25
14.3616
 
71
9.2012
 
26
14.3379
 
72
8.9402
 
27
14.3124
 
73
8.6725
 
28
14.2850
 
74
8.3989
 
29
14.2556
 
75
8.1204
 
30
14.2241
 
76
7.8378
 
31
14.1905
 
77
7.5519
 
32
14.1547
 
78
7.2629
 
33
14.1169
 
79
6.9712
 
34
14.0771
 
80
6.6771
 
35
14.0351
 
81
6.3812
 
36
13.9909
 
82
6.0844
 
37
13.9441
 
83
5.7894
 
38
13.8947
 
84
5.4967
 
39
13.8423
 
85
5.2068
 
40
13.7866
 
86
4.9196
 
41
13.7273
 
87
4.6359
 
42
13.6642
 
88
4.3627
 
43
13.5971
 
89
4.1017
 
44
13.5257
 
90
3.8552
 
45
13.4499
 
91
3.6261
 
46
13.3694
 
92
3.4160
 
47
13.2840
 
93
3.2225
 
48
13.1934
 
94
3.0459
 
49
13.0971
 
95
2.8863
 
50
12.9948
 
96
2.7439
 
51
12.8861
 
97
2.6189
 
52
12.7706
 
98
2.5100
 
53
12.6497
 
99
2.4068
 
54
12.5217
 
100
2.3177
 
55
12.3863
 
101
2.2325
 
56
12.2433
 
102
2.1606
 
57
12.0937
 
103
2.0940
 
58
11.9376
 
104
2.0445
 
59
11.7734
 
105
2.0036
 
60
11.6011
 
106
1.9836
 
61
11.4206
 
107
1.9718
 
61
11.2323
 
108
1.9636
 
62
11.0364
 
109
1.9558
 
64
10.8332
 
110
1.9481
 
65
10.6232
 
 
 
 
[Statutory Authority: RCW 41.24.290(2). WSR 16-22-052, § 491-02-095, filed 10/29/16, effective 1/1/17; WSR 09-24-026, § 491-02-095, filed 11/23/09, effective 12/24/09; WSR 03-22-024, § 491-02-095, filed 10/27/03, effective 1/1/04; WSR 99-21-052, § 491-02-095, filed 10/18/99, effective 1/1/00; WSR 90-24-033, § 491-02-095, filed 11/30/90, effective 12/31/90.]