Example 6: | At retirement, Sandy is a member participant in PERS Plan 2 and has prior creditable service in TRS Plan 1. She earned her highest compensation during her PERS Plan 2 service. Sandy's PERS Plan 2 retirement allowance will be based on her PERS Plan 2 average compensation. For purposes of computing her TRS average compensation and retirement allowance, Sandy may substitute her PERS Plan 2 base salary earned over two consecutive fiscal years for her earnable compensation in TRS. |
Example 7: | At retirement, Pat is a member participant in TRS Plan 1 and has prior creditable service in PERS Plan 1. He earned his highest compensation during his membership in TRS Plan 1 and received a sick-leave cashout. Pat may substitute his base salary earned while a member in TRS Plan 1 for his PERS Plan 1 compensation earnable. However, because Pat may substitute only his base salary from TRS Plan 1 for his compensation earnable in PERS, his PERS average compensation will not include the cashout payments from his TRS employer. |
(b) If you do not have sufficient service credit months in one dual member system to complete an average compensation period under that system, the department will substitute the appropriate number of months of base salary from another system to complete the average compensation period.
Example 8: | Tim has creditable service in TRS Plan 1 and PERS Plan 2. He retires at age sixty-five after accruing twenty-four months of service in PERS Plan 2. Under PERS Plan 2, a member's average compensation period is the member's highest consecutive sixty-month period of compensation. To compute Tim's PERS Plan 2 retirement allowance, the department will substitute his highest consecutive thirty-six service credit months of TRS base salary to complete the PERS sixty-month average compensation period. |
(2)
Adjusted full-time salary is not base salary. A multiple system retiree's adjusted full-time salary under RCW
41.32.345 shall not constitute base salary for purposes of computing the retiree's multiple system benefit.
(3) Includable compensation defined. For purposes of this chapter, "includable compensation" means:
(a) Earnable compensation under TRS Plan 1, 2 or 3 as defined in RCW
41.32.010(10);
(b) Compensation earnable under PERS Plan 1, 2 or 3 as defined in RCW
41.40.010(8);
(c) Compensation earnable under PSERS as defined in RCW
41.37.010(6);
(d) Basic salary under LEOFF Plan 2 as defined in RCW
41.26.030 (13)(b);
(e) Monthly salary under WSPRS Plan 1 or 2 as defined in RCW
43.43.120(23); and
(f) Compensation earnable under SERS Plan 2 or 3 as defined in RCW
41.35.010(6).
(4) Defined terms used. Definitions for the following terms used in this section may be found in the sections listed.
[Statutory Authority: RCW
41.50.050(5) and
41.37.010(6). WSR 08-02-048, § 415-113-065, filed 12/27/07, effective 1/27/08. Statutory Authority: RCW
41.50.050(5) and chapter
41.54 RCW. WSR 02-18-046, § 415-113-065, filed 8/28/02, effective 9/30/02. Statutory Authority: RCW
41.50.050(5) and
41.54.030. WSR 02-03-120, § 415-113-065, filed 1/23/02, effective 3/1/02. Statutory Authority: Chapters
41.32, 41.34, 41.35,
41.50 RCW. WSR 01-01-059, § 415-113-065, filed 12/12/00, effective 1/12/01. Statutory Authority: RCW
41.50.050. WSR 99-22-043, § 415-113-065, filed 10/29/99, effective 11/29/99; WSR 95-03-001, § 415-113-065, filed 1/4/95, effective 2/4/95.]