Chapter 2.42RETIREMENT SYSTEM

Sections:

2.42.010
Participation.
2.42.020
Members.
2.42.030
Copy filed.
2.42.040
Prior service credit.
2.42.050
Basis of coverage.
2.42.060
Basis of compensation.
2.42.010Participation.

The city has elected and does elect to participate as a member of Statewide City Employees Retirement System for pension, relief, disability, and retirement for the employees of the city as provided by RCW Chapter 41.44; that all employees and officials of the city shall be included in the system provided that no elective official shall be included unless said official so elects and files a written notice of such election with the board of trustees of the pension system and with the city clerk.

(Ord. 635 § 1, 1969)

2.42.020Members.

The number of employees and officials, other than elective officials, who shall be included as members of the pension system is approximately five.

(Ord. 635 § 2, 1969)

2.42.030Copy filed.

A certified copy of the ordinance codified in this chapter shall be transmitted to the Board of Trustees of the Statewide System as evidence of an election of the city to join the Pension System.

(Ord. 635 § 3, 1969)

2.42.040Prior service credit.

The basis for prior service credit shall be 1.33 percent of final compensation known as “Full Prior Service Credit.”

(Ord. 635 § 4, 1969)

2.42.050Basis of coverage.

The basis for social security coverage will be coordination.

(Ord. 635 § 5, 1969)

2.42.060Basis of compensation.

The basis for contribution shall be full compensation.