(1) The required contribution rate for members of the plan 2 teachers' retirement system shall be fixed at the rates in effect on July 1, 1996, subject to the following:
(a) Beginning September 1, 1997, except as provided in (b) of this subsection, the employee contribution rate shall not exceed the employer plan 2 and 3 rates adopted under RCW
41.45.060, *
41.45.054, and
41.45.070 for the teachers' retirement system;
(b) In addition, the employee contribution rate for plan 2 shall be increased by fifty percent of the contribution rate increase caused by any plan 2 benefit increase passed after July 1, 1996;
(c) In addition, the employee contribution rate for plan 2 shall not be increased as a result of any distributions pursuant to section 309, chapter 341, Laws of 1998 and **RCW
41.31A.020.
(2) The required contribution rate for members of the school employees' retirement system plan 2 shall equal the school employees' retirement system employer plan 2 and 3 contribution rate adopted under RCW
41.45.060, *
41.45.054, and
41.45.070, except as provided in subsection (3) of this section.
(3) The member contribution rate for the school employees' retirement system plan 2 shall be increased by fifty percent of the contribution rate increase caused by any plan 2 benefit increase passed after September 1, 2000.
(4) The required contribution rate for members of the public employees' retirement system plan 2 shall be set at the same rate as the employer combined plan 2 and plan 3 rate.
(5) The required contribution rate for members of the law enforcement officers' and firefighters' retirement system plan 2 shall be set at fifty percent of the cost of the retirement system.
(6) The employee contribution rates for plan 2 under subsections (3) and (4) of this section shall not include any increase as a result of any distributions pursuant to RCW **
41.31A.020 and ***
41.31A.030.
(7) The required plan 2 and 3 contribution rates for employers shall be adopted in the manner described in RCW
41.45.060, *
41.45.054, and
41.45.070.
(8) The required contribution rate for members of the public safety employees' retirement system plan 2 shall be set at fifty percent of the cost of the retirement system.
(9) Concurrently with the adoption of employer contribution rates, the state actuary shall calculate the required contribution rates for plan 2 members, which are fixed in accordance with this section. Upon adoption of employer contribution rates, the state actuary shall immediately notify the directors of the office of financial management and department of retirement systems of the required contribution rates for members, which shall be effective for the ensuing rate-setting period.
Reviser's note: *(1) RCW
41.45.054 was decodified pursuant to 2005 c 370 s 5, effective September 1, 2005.
**(2) RCW
41.31A.020 was repealed by 2007 c 491 s 13 without cognizance of its amendment by
2007 c 491 s 1. For rule of construction concerning sections amended and repealed in the same legislative session, see RCW
1.12.025.
***(3) RCW
41.31A.030 was repealed by 2007 c 491 s 13, effective January 2, 2008.