H-666                _______________________________________________

 

                                                   HOUSE BILL NO. 1409

                        _______________________________________________

 

State of Washington                               51st Legislature                              1989 Regular Session

 

By Representatives Ballard, Ebersole, Holland, Sayan, P. King, R. Meyers, Patrick, Winsley, May, Van Luven, Bowman, Beck, Moyer, Schoon, Betrozoff, D. Sommers, Tate, Wood and Sprenkle

 

 

Read first time 1/25/89 and referred to Committee on Appropriations.

 

 


AN ACT Relating to refund of member contributions to the teachers retirement system; and amending RCW 41.32.820.

 

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

 

        Sec. 1.  Section 15, chapter 293, Laws of 1977 ex. sess. as last amended by section 1, chapter 117, Laws of 1988 and RCW 41.32.820 are each amended to read as follows:

          A member who ceases to be an employee of an employer except by service or disability retirement may request a refund of the member's accumulated contributions.  A member may request a refund of the member's contribution collected for any month for which no service credit was received.  The refund shall be made within ninety days following the receipt of the request and, in case of termination, notification of termination through the contribution reporting system by the employer; except that in the case of death, an initial payment shall be made within thirty days of receipt of request for such payment and notification of termination through the contribution reporting system by the employer.  A member who files a request for refund and subsequently enters into employment with another employer prior to the refund being made shall not be eligible for a refund.  The refund of accumulated contributions shall terminate membership and all benefits under the provisions of RCW 41.32.755 through 41.32.825.