Interfund loans between reserve and supplemental pension funds—Audit. (Effective until July 1, 2025.)
The director is authorized to make periodic temporary interfund transfers between the reserve and supplemental pension funds as may be necessary to provide for payments from the supplemental pension fund as prescribed in this title. At least once annually, the director shall cause an audit to be made of all pension funds administered by the department to insure that proper crediting of funds has been made, and further to direct transfers between the funds for any interfund loans which may have been made in the preceding year and not fully reimbursed.
NOTES:
Effective date—1975 1st ex.s. c 224: See note following RCW
51.04.110.
Interfund loans between reserve, self-insurance reserve, and supplemental pension funds—Audit. (Effective July 1, 2025.)
The director is authorized to make periodic temporary interfund transfers between the reserve, self-insurance reserve, and supplemental pension funds as may be necessary to provide for payments from the supplemental pension fund as prescribed in this title. At least once annually, the director shall cause an audit to be made of all pension funds administered by the department to insure that proper crediting of funds has been made, and further to direct transfers between the funds for any interfund loans which may have been made in the preceding year and not fully reimbursed.
NOTES:
Effective date—2023 c 110 ss 1 and 4-13: See note following RCW
51.44.155.
Effective date—1975 1st ex.s. c 224: See note following RCW
51.04.110.