§ 41.34.010 Purpose
§ 41.34.020 Definitions
§ 41.34.030 Application of chapter — Plan 3 elements
§ 41.34.040 Contributions — Rate structures — Annual option
§ 41.34.050 Legislature may contribute to members’ accounts
§ 41.34.060 Members’ accounts — Investment — Election
§ 41.34.070 Distribution options
§ 41.34.080 Benefits exempt from taxation, garnishment, other processes of law — Exceptions
§ 41.34.090 Administration of chapter — Construction — Severability
§ 41.34.100 Benefits not contractual right until date specified
§ 41.34.110 Reentry
§ 41.34.120 Money, property, income held in trust
§ 41.34.130 Self-directed investment — Default investment options — Duties of state investment board and department — Expenses — Recordkeeping
§ 41.34.140 Liability for loss or deficiencies — Limitations
§ 41.34.900 Construction — Chapter applicable to state registered domestic partnerships — 2009 c 521

Terms Used In Washington Code > Chapter 41.34 - Plan 3 retirement system contributions

  • Actuary: means the state actuary or the office of the state actuary. See Washington Code 41.34.020
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Department: means the department of retirement systems. See Washington Code 41.34.020
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Member: means any employee included in the membership of a retirement system as provided for in chapter 41. See Washington Code 41.34.020
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.