WSR 09-20-071

PROPOSED RULES

BOARD FOR VOLUNTEER

FIREFIGHTERS AND RESERVE OFFICERS

[ Filed October 5, 2009, 9:31 a.m. ]

Original Notice.

Preproposal statement of inquiry was filed as WSR 09-14-022.

Title of Rule and Other Identifying Information: Actuarial tables, schedules, and factors.

Hearing Location(s): Board for Volunteer Firefighters and Reserve Officers, James R. Larson Forum Building, 605 11th Avenue S.E., Suite #207, Olympia, WA 98501, on November 20, 2009, at 10:00 a.m.

Date of Intended Adoption: November 20, 2009.

Submit Written Comments to: Brigette K. Smith, P.O. Box 114, Olympia, WA 98507, e-mail brigettes@bvff.wa.gov, fax (360) 586-1987, by November 13, 2009.

Assistance for Persons with Disabilities: Contact Brigette K. Smith by November 13, 2009, TTY (360) 753-7318.

Purpose of the Proposal and Its Anticipated Effects, Including Any Changes in Existing Rules: Amending chapter 491-02 WAC to adopt new actuarial tables for use in calculating joint survivor pensions, survivor pensions, and lump sum settlements to reflect the latest actuarial study and the changes in mortality rates.

Reasons Supporting Proposal: New tables produced by the office of the state actuary based upon new mortality rates.

Statutory Authority for Adoption: RCW 41.24.290(2).

Rule is not necessitated by federal law, federal or state court decision.

Name of Proponent: Board for volunteer firefighters and reserve officers, governmental.

Name of Agency Personnel Responsible for Drafting, Implementation and Enforcement: Brigette K. Smith, 605 11th Avenue East, Suite #112, Olympia, WA 98501, (360) 753-7318.

No small business economic impact statement has been prepared under chapter 19.85 RCW. There is no impact to small businesses.

A cost-benefit analysis is not required under RCW 34.05.328. Relates only to internal governmental operations RCW 34.05.328 (5)(b)(ii).

October 5, 2009

Brigette K. Smith

Executive Secretary

OTS-2655.2


AMENDATORY SECTION(Amending WSR 03-22-024, filed 10/27/03, effective 1/1/04)

WAC 491-02-095   Actuarial tables, schedules, and factors.   This chapter contains the tables, schedules, and factors adopted by the board for volunteer firefighters and reserve officers pursuant to the authority granted by RCW 41.24.185 for calculating optional retirement allowances of members of retirement systems administered by the board. These tables, schedules, and factors were adopted by the board upon the recommendation of and in light of the findings of the state actuary in his regular actuarial investigation into the mortality, service, compensation, and other experience of the members and beneficiaries of such retirement systems. The tables, schedules, and factors contained in this chapter shall govern the retirement allowances only of members retiring during the period from January 1, ((2004)) 2010, until such time as these tables, schedules, and factors are amended by the board following the next actuarial investigation conducted by the state actuary. The retirement allowances of members retiring before January 1, ((2004)) 2010, shall continue to be governed by the tables, schedules, and factors in effect at the time of each member's retirement. Any new tables, schedules, and factors adopted by the board in the future shall govern retirement allowances only of members retiring after the adoption of such new tables, schedules, and factors.

Board for Volunteer Firefighters and Reserve Officers
Table #1
Joint/Survivor Pension
Option 2 (Joint and 100% Survivor Pension with Pop-up)
(WAC 415-02-380)

Member Younger Member Older
Age Difference Option 2 100% Age Difference Option 2 100%
-20 ((0.958)) 0.937 0 ((0.870)) 0.835
-19 ((0.955)) 0.933 1 ((0.862)) 0.829
-18 ((0.952)) 0.929 2 ((0.857)) 0.823
-17 ((0.949)) 0.925 3 ((0.844)) 0.818
-16 ((0.947)) 0.921 4 ((0.840)) 0.812
-15 ((0.944)) 0.916 5 ((0.836)) 0.807
-14 ((0.940)) 0.912 6 ((0.831)) 0.801
-13 ((0.937)) 0.907 7 ((0.818)) 0.796
-12 ((0.934)) 0.902 8 ((0.814)) 0.791
-11 ((0.930)) 0.897 9 ((0.809)) 0.786
-10 ((0.927)) 0.892 10 ((0.805)) 0.781
-9 ((0.923)) 0.886 11 ((0.802)) 0.776
-8 ((0.920)) 0.881 12 ((0.787)) 0.771
-7 ((0.916)) 0.875 13 ((0.784)) 0.767
-6 ((0.912)) 0.870 14 ((0.780)) .762
-5 ((0.908)) 0.864 15 ((0.777)) 0.758
-4 ((0.901)) 0.858 16 ((0.773)) 0.754
-3 ((0.896)) 0.852 17 ((0.770)) 0.750
-2 ((0.889)) 0.847 18 ((0.767)) 0.746
-1 ((0.879)) 0.841 19 ((0.764)) 0.743
20 ((0.762)) 0.739
21 ((0.759)) 0.736
22 ((0.756)) 0.733
23 ((0.754)) 0.730
24 ((0.752)) 0.727
25 ((0.750)) 0.725
26 ((0.748)) 0.722
27 ((0.746)) 0.720
28 ((0.744)) 0.717
29 ((0.743)) 0.715
30 ((0.741)) 0.713
31 ((0.740)) 0.711
32 ((0.738)) 0.709
33 ((0.737)) 0.708
34 ((0.736)) 0.706
35 ((0.735)) 0.705
36 ((0.734)) 0.703
37 ((0.733)) 0.702
38 ((0.732)) 0.700
39 ((0.731)) 0.699
40 ((0.730)) 0.698

Table #2
Survivor Pension

Early Retirement Factors
(WAC 415-02-320)


Years Early Month

0

Month

1

Month

2

Month

3

Month

4

Month

5

Month

6

Month

7

Month

8

Month

9

Month

10

Month

11

((0 1.0000 0.9933 0.9866 0.9799 0.9732 0.9665 0.9598 0.9531 0.9464 0.9397 0.9330 0.9263
1 0.9200 0.9133 0.9066 0.8999 0.8932 0.8865 0.8798 0.8731 0.8664 0.8597 0.8530 0.8463
2 0.8400 0.8333 0.8266 0.8199 0.8132 0.8065 0.7998 0.7931 0.7864 0.7797 0.7730 0.7663
3 0.7600 0.7558 0.7516 0.7474 0.7432 0.7390 0.7348 0.7306 0.7264 0.7222 0.7180 0.7138
4 0.7100 0.7058 0.7016 0.6974 0.6932 0.6890 0.6848 0.6806 0.6764 0.6722 0.6680 0.6638
5 0.6600 0.6558 0.6516 0.6474 0.6432 0.6390 0.6348 0.6306 0.6264 0.6222 0.6180 0.6138
6 0.6100 0.6058 0.6016 0.5974 0.5932 0.5890 0.5848 0.5806 0.5764 0.5722 0.5680 0.5638
7 0.5600 0.5558 0.5516 0.5474 0.5432 0.5390 0.5348 0.5306 0.5264 0.5222 0.5180 0.5138
8 0.5100 0.5067 0.5034 0.5001 0.4968 0.4935 0.4902 0.4869 0.4836 0.4803 0.4770 0.4737
9 0.4700 0.4667 0.4634 0.4601 0.4568 0.4535 0.4502 0.4469 0.4436 0.4403 0.4370 0.4337
10 0.4300 0.4267 0.4234 0.4201 0.4168 0.4135 0.4102 0.4069 0.4036 0.4003 0.3970 0.3937
11 0.3900 0.3867 0.3834 0.3801 0.3768 0.3735 0.3702 0.3669 0.3636 0.3603 0.3570 0.3537
12 0.3500 0.3467 0.3434 0.3401 0.3368 0.3335 0.3302 0.3269 0.3236 0.3203 0.3170 0.3137
13 0.3100 0.3083 0.3066 0.3049 0.3032 0.3015 0.2998 0.2981 0.2964 0.2947 0.2930 0.2913
14 0.2900 0.2883 0.2866 0.2849 0.2832 0.2815 0.2798 0.2781 0.2764 0.2747 0.2730 0.2713
15 0.2700 0.2683 0.2666 0.2649 0.2632 0.2615 0.2598 0.2581 0.2564 0.2547 0.2530 0.2513
16 0.2500 0.2483 0.2466 0.2449 0.2432 0.2415 0.2398 0.2381 0.2364 0.2347 0.2330 0.2313
17 0.2300 0.2283 0.2266 0.2249 0.2232 0.2215 0.2198 0.2181 0.2164 0.2147 0.2130 0.2113
18 0.2100 0.2092 0.2084 0.2076 0.2068 0.2060 0.2052 0.2044 0.2036 0.2028 0.2020 0.2012
19 0.2000 0.1992 0.1984 0.1976 0.1968 0.1960 0.1952 0.1944 0.1936 0.1928 0.1920 0.1912
20 0.1900 0.1892 0.1884 0.1876 0.1868 0.1860 0.1852 0.1844 0.1836 0.1828 0.1820 0.1812
21 0.1800 0.1792 0.1784 0.1776 0.1768 0.1760 0.1752 0.1744 0.1736 0.1728 0.1720 0.1712
22 0.1700 0.1692 0.1684 0.1676 0.1668 0.1660 0.1652 0.1644 0.1636 0.1628 0.1620 0.1612
23 0.1600 0.1592 0.1584 0.1576 0.1568 0.1560 0.1552 0.1544 0.1536 0.1528 0.1520 0.1512
24 0.1500 0.1492 0.1484 0.1476 0.1468 0.1460 0.1452 0.1444 0.1436 0.1428 0.1420 0.1412
25 0.1400 0.1392 0.1384 0.1376 0.1368 0.1360 0.1352 0.1344 0.1336 0.1328 0.1320 0.1312
26 0.1300 0.1292 0.1284 0.1276 0.1268 0.1260 0.1252 0.1244 0.1236 0.1228 0.1220 0.1212
27 0.1200 0.1192 0.1184 0.1176 0.1168 0.1160 0.1152 0.1144 0.1136 0.1128 0.1120 0.1112
28 0.1100 0.1092 0.1084 0.1076 0.1068 0.1060 0.1052 0.1044 0.1036 0.1028 0.1020 0.1012
29+ 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000))
0 1.0000 0.9922 0.9844 0.9766 0.9688 0.9610 0.9532 0.9454 0.9376 0.9298 0.9220 0.9142
1 0.9060 0.8991 0.8922 0.8853 0.8784 0.8715 0.8646 0.8577 0.8508 0.8439 0.8370 0.8301
2 0.8230 0.8168 0.8106 0.8044 0.7982 0.7920 0.7858 0.7796 0.7734 0.7672 0.7610 0.7548
3 0.7490 0.7435 0.7380 0.7325 0.7270 0.7215 0.7160 0.7105 0.7050 0.6995 0.6940 0.6885
4 0.6830 0.6781 0.6732 0.6683 0.6634 0.6585 0.6536 0.6487 0.6438 0.6389 0.6340 0.6291
5 0.6240 0.6195 0.6150 0.6105 0.6060 0.6015 0.5970 0.5925 0.5880 0.5835 0.5790 0.5745
6 0.5700 0.5660 0.5620 0.5580 0.5540 0.5500 0.5460 0.5420 0.5380 0.5340 0.5300 0.5260
7 0.5220 0.5184 0.5148 0.5112 0.5076 0.5040 0.5004 0.4968 0.4932 0.4896 0.4860 0.4824
8 0.4790 0.4758 0.4726 0.4694 0.4662 0.4630 0.4598 0.4566 0.4534 0.4502 0.4470 0.4438
9 0.4400 0.4371 0.4342 0.4313 0.4284 0.4225 0.4226 0.4197 0.4168 0.4139 0.4110 0.4081
10 0.4050 0.4023 0.3996 0.3969 0.3942 0.3915 0.3888 0.3861 0.3834 0.3807 0.3780 0.3753
11 0.3730 0.3705 0.3680 0.3655 0.3630 0.3605 0.3580 0.3555 0.3530 0.3505 0.3480 0.3455
12 0.3430 0.3408 0.3386 0.3364 0.3342 0.3320 0.3298 0.3276 0.3254 0.3232 0.3210 0.3188
13 0.3170 0.3149 0.3128 0.3107 0.3086 0.3065 0.3044 0.3023 0.3002 0.2981 0.2960 0.2939
14 0.2920 0.2902 0.2884 0.2866 0.2848 0.2830 0.2812 0.2794 0.2276 0.2758 0.2740 0.2722
15 0.2700 0.2683 0.2666 0.2649 0.2632 0.2615 0.2598 0.2581 0.2564 0.2547 0.2530 0.2513
16 0.2500 0.2484 0.2468 0.2452 0.2436 0.2420 0.2404 0.2388 0.2372 0.2356 0.2340 0.2324
17 0.2310 0.2296 0.2282 0.2268 0.2254 0.2240 0.2226 0.2212 0.2198 0.2184 0.2170 0.2156
18 0.2140 0.2127 0.2114 0.2101 0.2088 0.2075 0.2062 0.2049 0.2036 0.2023 0.2010 0.1997
19 0.1980 0.1968 0.1956 0.1944 0.1932 0.1920 0.1908 0.1896 0.1884 0.1872 0.1860 0.1848
20 0.1840 0.1828 0.1816 0.1804 0.1792 0.1780 0.1768 0.1756 0.1744 0.1732 0.1720 0.1708
21 0.1700 0.1690 0.1680 0.1670 0.1660 0.1650 0.1640 0.1630 0.1620 0.1610 0.1600 0.1590
22 0.1580 0.1571 0.1562 0.1553 0.1544 0.1535 0.1526 0.1517 0.1508 0.1499 0.1490 0.1481
23 0.1470 0.1461 0.1452 0.1443 0.1434 0.1425 0.1416 0.1407 0.1398 0.1389 0.1380 0.1371
24 0.1360 0.1352 0.1344 0.1336 0.1328 0.1320 0.1312 0.1304 0.1296 0.1288 0.1280 0.1272
25 0.1260 0.1253 0.1246 0.1239 0.1232 0.1225 0.1218 0.1211 0.1204 0.1197 0.1190 0.1183
26 0.1180 0.1173 0.1166 0.1159 0.1152 0.1145 0.1138 0.1131 0.1124 0.1117 0.1110 0.1103
27 0.1090 0.1084 0.1078 0.1072 0.1066 0.1060 0.1054 0.1048 0.1042 0.1036 0.1030 0.1024
28 0.1020 0.1018 0.1016 0.1014 0.1012 0.1010 0.1008 0.1006 0.1004 0.1002 0.1000 0.1000
29+ 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000

Table #3
Lump-Sum Settlements


Age Factor Age Factor
20 ((12.7335330)) 14.3791 60 ((10.0726845)) 11.0834
21 ((12.7191510)) 14.3576 61 ((9.9030688)) 10.8849
22 ((12.7036393)) 14.3347 62 ((9.7274751)) 10.6795
23 ((12.6870065)) 14.3104 63 ((9.5462842)) 10.4675
24 ((12.6688761)) 14.2845 64 ((9.3601408)) 10.2498
25 ((12.6496453)) 14.2570 65 ((9.1682895)) 10.0267
26 ((12.6287501)) 14.2277 66 ((8.9710880)) 9.7975
27 ((12.6062073)) 14.1965 67 ((8.7693452)) 9.5633
28 ((12.5820349)) 14.1633 68 ((8.5617611)) 9.3247
29 ((12.5558736)) 14.1277 69 ((8.3481095)) 9.0792
30 ((12.5281256)) 14.0898 70 ((8.1282574)) 8.8273
31 ((12.4982502)) 14.0495 71 ((7.9049634)) 8.5679
32 ((12.4666517)) 14.0068 72 ((7.7673880)) 8.3037
33 ((12.4331717)) 13.9619 73 ((7.4434669)) 8.0334
34 ((12.3976573)) 13.9146 74 ((7.2070202)) 7.7574
35 ((12.3601450)) 13.8648 75 ((6.9674370)) 7.4768
36 ((12.3203083)) 13.8125 76 ((6.7250943)) 7.1936
37 ((12.2778326)) 13.7574 77 ((6.4800919)) 6.9075
38 ((12.2327750)) 13.6993 78 ((6.2326266)) 6.6205
39 ((12.1844828)) 13.6378 79 ((5.9832374)) 6.3331
40 ((12.1332130)) 13.5726 80 ((5.7325776)) 6.0460
41 ((12.0783450)) 13.5034 81 ((5.4813743)) 5.7603
42 ((12.0199820)) 13.4300 82 ((5.2319096)) 5.4770
43 ((11.9577175)) 13.3520 83 ((4.9851840)) 5.2000
44 ((11.8915114)) 13.2693 84 ((4.7422313)) 4.9276
45 ((11.8211694)) 13.1816 85 ((4.5041150)) 4.6629
46 ((11.7461884)) 13.0887 86 ((4.2722117)) 4.4045
47 ((11.6665967)) 12.9903 87 ((4.0482355)) 4.1524
48 ((11.5816343)) 12.8860 88 ((3.8341147)) 3.9110
49 ((11.4912414)) 12.7754 89 ((3.6319683)) 3.6829
50 ((11.3949206)) 12.6582 90 ((3.4438535)) 3.4668
51 ((11.2923916)) 12.5339 91 ((3.2716047)) 3.2679
52 ((11.1841811)) 12.4021 92 ((3.1136352)) 3.0850
53 ((11.0693428)) 12.2638 93 ((2.9700277)) 2.9184
54 ((10.9474827)) 12.1178 94 ((2.8403701)) 2.7652
55 ((10.8184363)) 11.9639 95 ((2.7238456)) 2.6233
56 ((10.6826650)) 11.8019 96 ((2.6193178)) 2.4971
57 ((10.5407844)) 11.6327 97 ((2.5253520)) 2.3819
58 ((10.3917265)) 11.4573 98 ((2.4401933)) 2.2755
59 ((10.2356241)) 11.2742 99 ((2.3616744)) 2.1823

[Statutory Authority: RCW 41.24.290(2). 03-22-024, 491-02-095, filed 10/27/03, effective 1/1/04; 99-21-052, 491-02-095, filed 10/18/99, effective 1/1/00; 90-24-033, 491-02-095, filed 11/30/90, effective 12/31/90.]

Washington State Code Reviser's Office