S-1414               _______________________________________________

 

                                                   SENATE BILL NO. 5753

                        _______________________________________________

 

State of Washington                               51st Legislature                              1989 Regular Session

 

By Senators Bluechel and Talmadge

 

 

Read first time 2/6/89 and referred to Committee on  Ways & Means.

 

 


AN ACT Relating to refund of contributions made to judicial retirement systems; adding new sections to chapter 2.10 RCW; and adding new sections to chapter 2.12 RCW.

 

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

 

          NEW SECTION.  Sec. 1.  A new section is added to chapter 2.10 RCW to read as follows:

          Any  member who ceased to be a judge in a court covered by this system before the effective date of this act may request upon a form provided by the director a refund of all or part of the member's contributions, and this amount shall be paid to the member with interest as determined by the director.  Withdrawal of all or part of the funds by a member shall constitute a waiver of any service or disability retirement allowance.

          A member who files an application for a refund of the member's accumulated contributions and subsequently becomes employed as a judge in a court covered by this system before the expiration of thirty days or before a refund payment  has been made, shall not be eligible for such refund payment.

 

          NEW SECTION.  Sec. 2.  A new section is added to chapter 2.10 RCW to read as follows:

          A member who has left service and withdrawn the member's accumulated contributions shall receive service credit for such prior service if the member restores all withdrawn accumulated contributions together with interest from the date of withdrawal until the date of restoration as determined by the director.   The restoration of such funds must be completed within five years or prior to retirement, whichever occurs first, after resumption of service.

 

          NEW SECTION.  Sec. 3.  A new section is added to chapter 2.12 RCW to read as follows:

          Any  member who ceased to be a judge in a court covered by this system before the effective date of this act may request upon a form provided by the director a refund of all or part of the member's contributions, and this amount shall be paid to the member with interest as determined by the director.  Withdrawal of all or part of the funds by a member shall constitute a waiver of any service or disability retirement allowance.

          A member who files an application for a refund of the member's accumulated contributions and subsequently becomes employed as a judge in a court covered by this system before the expiration of thirty days or before a refund payment  has been made, shall not be eligible for such refund payment.

 

          NEW SECTION.  Sec. 4.  A new section is added to chapter 2.12 RCW to read as follows:

          A member who has left service and withdrawn the member's accumulated contributions shall receive service credit for such prior service if the member restores all withdrawn accumulated contributions together with interest from the date of withdrawal until the date of restoration as determined by the director.   The restoration of such funds must be completed within five years or prior to retirement, whichever occurs first, after resumption of service.