A member of TRS enters retirement status when he or she:
(1) Has separated from service or employment as defined in RCW
41.32.010(48);
(2) Has no written agreement to return to employment; and
(3) Has applied for retirement, the accrual date has been determined under WAC
415-112-520, RCW
41.32.795, or
41.32.855, and the benefit begins to accrue.
Example: | Judy is eligible for retirement on July 1st. She submits an application on June 1st with a July 1st retirement date. Her last day of employment is June 30th and she does not have an agreement to return to work. |
| Judy's retirement date (accrual date) is July 1st and the benefit begins to accrue. The first retirement payment will be paid at the end of July. Judy entered "retiree status" effective July 1st. |
[Statutory Authority: RCW
41.50.050(5),
41.04.270,
41.26.030,
41.32.010,
41.32.025,
41.32.480,
41.32.500,
41.32.570,
41.32.765,
41.32.795,
41.32.802,
41.32.855,
41.32.860,
41.32.862,
41.35.010,
41.35.030,
41.35.060,
41.35.450,
41.35.640,
41.40.010,
41.40.023,
41.40.037,
41.40.150,
41.40.193,
41.40.680,
41.40.750,
41.40.801. WSR 02-02-060, § 415-112-515, filed 12/28/01, effective 1/1/02. Statutory Authority: RCW
41.50.050. WSR 99-14-008, § 415-112-515, filed 6/24/99, effective 7/25/99. Statutory Authority: RCW
41.50.050 and
41.32.570. WSR 91-21-084, § 415-112-515, filed 10/18/91, effective 11/18/91.]