Example 9: | A sixty-two year old dual member of PERS Plan 1 and TRS Plan 2 retires. He chooses to receive PERS Plan 1 benefits but defers receipt of a TRS Plan 2 retirement allowance. If he becomes reemployed in a TRS Plan 2 eligible position, he will reenter TRS Plan 2 membership if otherwise eligible and terminate his dual member status, but he will continue to receive his PERS Plan 1 retirement allowance until he works more than the work-limit in a calendar year under WAC 415-108-710. The member's eligibility to retire from TRS Plan 2 will be based solely on his accrued service credit in TRS Plan 2 and his TRS Plan 2 retirement allowance will be based solely on his compensation while he was a member participant in TRS Plan 2. |
Example 10: | Assume the retiree in Example 9 above became reemployed in a PERS position rather than a TRS Plan 2 position. He could work in this position up to the work-limit in a calendar year under WAC 415-108-710 without having his PERS retirement allowance suspended. If the retiree works over the work-limit: |
| • The department would suspend his retirement allowance until the next calendar year. He would remain a dual member. He would be able to retire in TRS 2 if otherwise eligible; |
| • The retiree could choose to reenter PERS Plan 1 membership at any time, if otherwise eligible, and terminate his dual member status. His choice for membership is not retroactive. The effect on the person's right to a TRS Plan 2 benefit is the same as in Example 9. See WAC 415-108-710. |
(5) If you defer your retirement allowance and die before you begin receiving the allowance, your survivor may receive a continuing benefit. If you defer receipt of your retirement allowance from a system and die before you choose to begin receiving the allowance:
(a) Your surviving spouse, if any, must choose to receive either:
(i) A joint and one hundred percent survivor option from the deferred system. If your surviving spouse selects this option, your base salary under one system may be substituted for your includable compensation in the deferred system to compute the survivor retirement allowance from the deferred system; or
(ii) A refund of your accumulated contributions from the deferred system.
(b) If you do not have a surviving spouse, the department will pay your accumulated contributions from the deferred system to:
(i) Your designated beneficiary or beneficiaries; or
(ii) Your estate, if there are no living beneficiaries.
(6) 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 chapter
41.54 RCW. WSR 02-18-046, § 415-113-070, filed 8/28/02, effective 9/30/02. Statutory Authority: RCW
41.50.050(5) and
41.54.030. WSR 02-03-120, § 415-113-070, filed 1/23/02, effective 3/1/02. Statutory Authority: Chapters
41.32, 41.34, 41.35,
41.50 RCW. WSR 01-01-059, § 415-113-070, filed 12/12/00, effective 1/12/01. Statutory Authority: RCW
41.50.050. WSR 99-22-043, § 415-113-070, filed 10/29/99, effective 11/29/99; WSR 96-20-004, § 415-113-070, filed 9/19/96, effective 10/20/96; WSR 95-03-001, § 415-113-070, filed 1/4/95, effective 2/4/95.]