As used in this chapter, the following terms have the meanings indicated unless the context clearly requires otherwise.
(1) "Council" means the pension funding council created in RCW
41.45.100.
(2) "Department" means the department of retirement systems.
(3) "Law enforcement officers' and firefighters' retirement system plan 1" and "law enforcement officers' and firefighters' retirement system plan 2" means the benefits and funding provisions under chapter
41.26 RCW.
(4) "Public employees' retirement system plan 1," "public employees' retirement system plan 2," and "public employees' retirement system plan 3" mean the benefits and funding provisions under chapter
41.40 RCW.
(5) "Teachers' retirement system plan 1," "teachers' retirement system plan 2," and "teachers' retirement system plan 3" mean the benefits and funding provisions under chapter
41.32 RCW.
(6) "School employees' retirement system plan 2" and "school employees' retirement system plan 3" mean the benefits and funding provisions under chapter
41.35 RCW.
(7) "Washington state patrol retirement system" means the retirement benefits provided under chapter
43.43 RCW.
(8) "Unfunded liability" means the unfunded actuarial accrued liability of a retirement system.
(9) "Actuary" or "state actuary" means the state actuary employed under chapter
44.44 RCW.
(10) "State retirement systems" means the retirement systems listed in RCW
41.50.030.
(11) "Classified employee" means a member of the Washington school employees' retirement system plan 2 or plan 3 as defined in RCW
41.35.010.
(12) "Teacher" means a member of the teachers' retirement system as defined in *RCW
41.32.010(15).
(13) "Select committee" means the select committee on pension policy created in RCW
41.04.276.
(14) "Actuarial value of assets" means the value of pension plan investments and other property used by the actuary for the purpose of an actuarial valuation.
(15) "Public safety employees' retirement system plan 2" means the benefits and funding provisions established under chapter
41.37 RCW.
(16) "Normal cost" means the portion of the actuarial present value of projected benefits and expenses that is allocated to a period, typically twelve months, under the actuarial cost method.