Chapter 2.70
RETIREMENT SYSTEM
Sections:
2.70.010 Election to participate.
2.70.020 Number of employees and officials included.
2.70.030 Basis for prior service credit.
2.70.040 Basis for contributions.
2.70.050 Repealed.
2.70.010 Election to participate.
The city of Edmonds has elected and does elect to participate as a member of the statewide city employee's retirement system for pension, relief, disability and retirement for the employees of the city of Edmonds as provided by Chapter 41.44 RCW. It is the intent of this chapter that only regular and full-time employees and officers of said city shall be included in said system; provided, however, that other officers and employees of said city may be included thereunder solely at the discretion of the city council; and provided, further, 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 said pension system and with the city clerk. [Ord. 856 § 1, 1960].
2.70.020 Number of employees and officials included.
The number of employees and officials, other than elective officials, who shall be included as members of said pension system is approximately 30. [Ord. 856 § 2, 1960].
2.70.030 Basis for prior service credit.
The basis for prior service credit shall be .6667 percent of final compensation known as one-half prior to service credit. [Ord. 856 § 4, 1960].
2.70.040 Basis for contributions.
The basis for contributions shall be established by and in accordance with the provisions of the retirement system. [Ord. 3165 § 3, 1997].
2.70.050 Basis for contributions.
Repealed by Ord. 3165. [Ord. 856 § 6, 1960].