(1) In lieu of the
retirement allowance provided under RCW 41.40.185, the retirement
allowance payable for service as a district court judge or
municipal court judge, for those judges who elected to
participate under RCW 41.40.127(1), shall be equal to three and
one-half percent of average final compensation for each year of
service earned after the election. The total retirement benefit
accrued or purchased under chapter 189, Laws of 2006 in
combination with benefits accrued during periods served prior to
the election shall not exceed seventy-five percent of average
final compensation.
(2) In lieu of the retirement allowance provided under RCW 41.40.185, the retirement allowance payable for service as a
district court judge, or municipal court judge, for those judges
newly elected or appointed after January 1, 2007, and who are not
eligible for membership under chapter 41.28 RCW, shall be equal
to three and one-half percent of average final compensation for
each year of service after January 1, 2007. The total retirement
benefits accrued under chapter 189, Laws of 2006 in combination
with benefits accrued during periods served prior to January 1,
2007, shall not exceed seventy-five percent of average final
compensation.
[2006 c 189 § 12.]
NOTES:
Effective date -- 2006 c 189: See note following RCW 2.14.115.