Washington Administrative Code › Title 491 - Volunteer Firefighters and Reserve Officers, State Board for › Chapter 491-02 - Actuarial tables › Section 491-02-095 - Actuarial tables, schedules, and factors

Current through Register Vol. 24-14, July 15, 2024
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, 2017, 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, 2017,
						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
0.941
0
0.850
-19
0.938
1
0.844
-18
0.934
2
0.839
-17
0.930
3
0.834
-16
0.926
4
0.829
-15
0.922
5
0.825
-14
0.918
6
0.820
-13
0.913
7
0.815
-12
0.909
8
0.811
-11
0.904
9
0.806
-10
0.900
10
0.802
-9
0.895
11
0.798
-8
0.890
12
0.794
-7
0.885
13
0.790
-6
0.880
14
0.786
-5
0.875
15
0.783
-4
0.870
16
0.779
-3
0.865
17
0.776
-2
0.860
18
0.773
-1
0.855
19
0.770
20
0.767
21
0.764
22
0.762
23
0.759
24
0.757
25
0.755
26
0.753
27
0.751
28
0.749
29
0.747
30
0.746
31
0.744
32
0.743
33
0.742
34
0.740
35
0.739
36
0.738
37
0.737
38
0.736
39
0.735
40
0.734
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
.9926
.9852
.9778
.9704
.9630
.9557
.9483
.9409
.9335
.9261
.9187
1
.9113
.9047
.8981
.8915
.8849
.8783
.8717
.8651
.8585
.8519
.8453
.8387
2
.8321
.8262
.8203
.8144
.8085
.8026
.7967
.7908
.7849
.7789
.7730
.7671
3
.7612
.7559
.7506
.7453
.7400
.7347
.7294
.7241
.7188
.7135
.7082
.7028
4
.6975
.6928
.6880
.6832
.6784
.6736
.6689
.6641
.6593
.6545
.6497
.6450
5
.6402
.6359
.6316
.6272
.6229
.6186
.6143
.6100
.6057
.6014
.5970
.5927
6
.5884
.5845
.5806
.5767
.5728
.5689
.5650
.5611
.5572
.5533
.5493
.5454
7
.5415
.5380
.5345
.5309
.5274
.5238
.5203
.5167
.5132
.5096
.5061
.5026
8
.4990
.4958
.4926
.4894
.4861
.4829
.4797
.4765
.4733
.4700
.4668
.4636
9
.4604
.4574
.4545
.4516
.4486
.4457
.4428
.4398
.4369
.4340
.4310
.4281
10
.4252
.4225
.4198
.4171
.4145
.4118
.4091
.4064
.4037
.4011
.3984
.3957
11
.3930
.3906
.3881
.3857
.3832
.3808
.3783
.3759
.3735
.3710
.3686
.3661
12
.3637
.3614
.3592
.3569
.3547
.3525
.3502
.3480
.3457
.3435
.3413
.3390
13
.3368
.3347
.3327
.3306
.3286
.3265
.3244
.3224
.3203
.3183
.3162
.3142
14
.3121
.3102
.3083
.3065
.3046
.3027
.3008
.2989
.2970
.2951
.2932
.2914
15
.2895
.2877
.2860
.2843
.2825
.2808
.2791
.2773
.2756
.2738
.2721
.2704
16
.2686
.2670
.2654
.2639
.2623
.2607
.2591
.2575
.2559
.2543
.2527
.2511
17
.2495
.2480
.2465
.2451
.2436
.2421
.2406
.2392
.2377
.2362
.2347
.2333
18
.2318
.2304
.2291
.2277
.2264
.2250
.2236
.2223
.2209
.2196
.2182
.2169
19
.2155
.2142
.2130
.2117
.2105
.2092
.2080
.2067
.2055
.2042
.2029
.2017
20
.2004
.1993
.1981
.1969
.1958
.1946
.1935
.1923
.1911
.1900
.1888
.1877
21
.1865
.1854
.1844
.1833
.1822
.1811
.1801
.1790
.1779
.1768
.1758
.1747
22
.1736
.1726
.1716
.1706
.1696
.1686
.1677
.1667
.1657
.1647
.1637
.1627
23
.1617
.1608
.1598
.1589
.1580
.1571
.1562
.1552
.1543
.1534
.1525
.1516
24
.1506
.1498
.1489
.1481
.1472
.1464
.1455
.1446
.1438
.1429
.1421
.1412
25
.1404
.1396
.1388
.1380
.1372
.1364
.1356
.1348
.1340
.1332
.1324
.1317
26
.1309
.1301
.1294
.1287
.1279
.1272
.1264
.1257
.1250
.1242
.1235
.1228
27
.1220
.1213
.1207
.1200
.1193
.1186
.1179
.1172
.1166
.1159
.1152
.1145
28
.1138
.1132
.1125
.1119
.1113
.1106
.1100
.1094
.1087
.1081
.1075
.1068
29
.1062
.1057
.1052
.1046
.1041
.1036
.1031
.1026
.1021
.1015
.1010
.1005
30+
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
Table #3 Lump-Sum Settlements
Age
Factor
Age
Factor
20
14.4584
66
10.4052
21
14.4415
67
10.1797
22
14.4235
68
9.9469
23
14.4043
69
9.7055
24
14.3837
70
9.4569
25
14.3616
71
9.2012
26
14.3379
72
8.9402
27
14.3124
73
8.6725
28
14.2850
74
8.3989
29
14.2556
75
8.1204
30
14.2241
76
7.8378
31
14.1905
77
7.5519
32
14.1547
78
7.2629
33
14.1169
79
6.9712
34
14.0771
80
6.6771
35
14.0351
81
6.3812
36
13.9909
82
6.0844
37
13.9441
83
5.7894
38
13.8947
84
5.4967
39
13.8423
85
5.2068
40
13.7866
86
4.9196
41
13.7273
87
4.6359
42
13.6642
88
4.3627
43
13.5971
89
4.1017
44
13.5257
90
3.8552
45
13.4499
91
3.6261
46
13.3694
92
3.4160
47
13.2840
93
3.2225
48
13.1934
94
3.0459
49
13.0971
95
2.8863
50
12.9948
96
2.7439
51
12.8861
97
2.6189
52
12.7706
98
2.5100
53
12.6497
99
2.4068
54
12.5217
100
2.3177
55
12.3863
101
2.2325
56
12.2433
102
2.1606
57
12.0937
103
2.0940
58
11.9376
104
2.0445
59
11.7734
105
2.0036
60
11.6011
106
1.9836
61
11.4206
107
1.9718
61
11.2323
108
1.9636
62
11.0364
109
1.9558
64
10.8332
110
1.9481
65
10.6232
Statutory Authority:
				  RCW  41.24.290(2). 09-24-026,
				  §
										491-02-095, filed 11/23/09, effective 12/24/09; 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.