SB 5277 - DIGEST

(SUBSTITUTED FOR - SEE 1ST SUB)

     Declares that a member who separates or has separated after attaining the age of fifty with at least twenty years of service shall remain a member during the period of absence from service for the exclusive purpose of receiving a retirement allowance to begin at attainment of age sixty.

     Provides that, if such a member should withdraw all or part of the member's accumulated contributions except those additional contributions made pursuant to RCW 41.40.330(2), the individual shall thereupon cease to be a member and this section shall not apply.