S-3485               _______________________________________________

                                                   SENATE BILL NO. 4469

                        _______________________________________________

State of Washington                              49th Legislature                              1986 Regular Session

By Senators Kreidler and Granlund

Prefiled with Secretary of the Senate 1/9/86.  Read first time 1/13/86 and referred to Committee on Human Services & Corrections.

AN ACT Relating to early retirement; and amending RCW 41.40.180 and 41.40.630.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  Section 19, chapter 274, Laws of 1947 as last amended by section 21, chapter 52, Laws of 1982 1st ex. sess. and RCW 41.40.180 are each amended to read as follows:

          (1) Any member with five years of creditable service who has attained age sixty and any original member who has attained age sixty may retire on written application to the director, setting forth at what time the member desires to be retired:  PROVIDED, That in the national interest, during time of war engaged in by the United States, the director may extend beyond age sixty, subject to the provisions of subsection (2) of this section, the age at which any member may be eligible to retire.

          (2) Any member who has completed thirty years of service may retire on written application to the director setting forth at what time the member desires to be retired, subject to war measures.

          (3) Any member who has completed twenty-five years of service and attained age fifty-five may retire on written application to the director setting forth at what time the member desires to be retired, subject to war measures.

          (4) Any member who has five years of creditable service or who is an original member, and who provides hands-on care in state-owned and operated institutions under the control of the department of social and health services, the department of veterans affairs, or the department of corrections and who has attained age fifty-five or who has completed twenty years of service regardless of age may retire on written application to the director setting forth at what time the member desires to be retired, subject to war measures.

(5) Any individual who is eligible to retire pursuant to subsections (1) through (3) of this section shall be allowed to retire while on any authorized leave of absence not in excess of one hundred and twenty days.

        Sec. 2.  Section 4, chapter 295, Laws of 1977 ex. sess. and RCW 41.40.630 are each amended to read as follows:

          (1) NORMAL RETIREMENT.           (a) Any member with at least five years of service who has attained at least age sixty-five shall be eligible to retire and to receive a retirement allowance computed according to the provisions of RCW 41.40.620.

(b) Any member with at least five years of service who provides hands-on care in state-owned and operated institutions under the control of the department of social and health services, the department of veterans affairs, or the department of corrections and who has attained at least age sixty or who has completed twenty years of service regardless of age shall be eligible to retire and to receive a retirement allowance computed according to the provisions of RCW 41.40.620.

          (2) EARLY RETIREMENT.  Any member who has completed at least twenty years of service and has attained age fifty-five shall be eligible to retire and to receive a retirement allowance computed according to the provisions of RCW 41.40.620, except that a member retiring pursuant to this subsection shall have the retirement allowance actuarially reduced to reflect the difference in the number of years between age at retirement and the attainment of age sixty-five.