Source: https://app.leg.wa.gov/RCW/default.aspx?cite=41.35.220
Timestamp: 2020-07-11 05:52:43
Document Index: 238591534

Matched Legal Cases: ['§ 5', '§ 11', '§ 6', '§ 23', '§ 6', '§ 10']

RCW 41.35.220: Options for payment of retirement allowances—Court-approved property settlement.
RCWs > Title 41 > Chapter 41.35 > Section 41.35.220
41.35.210 << 41.35.220 >> 41.35.230
*** CHANGE IN 2020 *** (SEE 6417.SL) ***
(1) Upon retirement for service as prescribed in RCW 41.35.420 or 41.35.680 or retirement for disability under RCW 41.35.440 or 41.35.690, a member shall elect to have the retirement allowance paid pursuant to one of the following options, calculated so as to be actuarially equivalent to each other.
(a) Standard allowance. A member electing this option shall receive a retirement allowance payable throughout such member's life.
(i) For members of plan 2, if the retiree dies before the total of the retirement allowance paid to such retiree equals the amount of such retiree's accumulated contributions at the time of retirement, then the balance shall be paid to the member's estate, or such person or persons, trust, or organization as the retiree shall have nominated by written designation duly executed and filed with the department; or if there be no such designated person or persons still living at the time of the retiree's death, then to the surviving spouse; or if there be neither such designated person or persons still living at the time of death nor a surviving spouse, then to the retiree's legal representative.
(ii) For members of plan 3, upon the death of the retired member, the member's benefits shall cease.
(2)(a) A member, if married, must provide the written consent of his or her spouse to the option selected under this section, except as provided in (b) and (c) of this subsection. If a member is married and both the member and the member's spouse do not give written consent to an option under this section, the department shall pay a joint and fifty percent survivor benefit calculated to be actuarially equivalent to the benefit options available under subsection (1) of this section unless spousal consent is not required as provided in (b) and (c) of this subsection.
(3) No later than July 1, 2001, the department shall adopt rules that allow a member additional actuarially equivalent survivor benefit options, and shall include, but are not limited to:
(4) No later than July 1, 2003, the department shall adopt rules to permit:
(a) A court-approved property settlement incident to a court decree of dissolution made before retirement to provide that benefits payable to a member of plan 2 who meets the length of service requirements of RCW 41.35.420, or a member of plan 3 who meets the length of service requirements of RCW 41.35.680(1), and the member's divorcing spouse be divided into two separate benefits payable over the life of each spouse.
The nonmember ex spouse shall be eligible to commence receiving their separate benefit upon reaching the ages provided in RCW 41.35.420(1) for members of plan 2, or RCW 41.35.680(1) for members of plan 3, and after filing a written application with the department.
[ 2019 c 102 § 5; 2002 c 158 § 11; 2000 c 186 § 6; 1998 c 341 § 23.]
Effective date—2000 c 186 § 6: "Section 6 of this act takes effect September 1, 2000." [ 2000 c 186 § 10.]