(1) If a member dies before
retirement, and has no surviving spouse or children under the age
of eighteen years, all contributions made by the member,
including any amount paid under RCW 41.50.165(2), with interest
as determined by the director, less any amount identified as
owing to an obligee upon withdrawal of accumulated contributions
pursuant to a court order filed under RCW 41.50.670, shall be
paid to such person or persons as the member shall have nominated
by written designation duly executed and filed with the
department, or if there be no such designated person or persons,
then to the member's legal representative.
(2) If a member should cease to be an employee before
attaining age sixty for reasons other than the member's death, or
retirement, the individual shall thereupon cease to be a member
except as provided under *RCW 43.43.130 (2) and (3) and, the
individual may withdraw the member's contributions to the
retirement fund, including any amount paid under RCW 41.50.165(2), with interest as determined by the director, by
making application therefor to the department, except that: A
member who ceases to be an employee after having completed at
least five years of service shall remain a member during the
period of the member's absence from employment for the exclusive
purpose only of receiving a retirement allowance to begin at
attainment of age sixty, however such a member may upon written
notice to the department elect to receive a reduced retirement
allowance on or after age fifty-five which allowance shall be the
actuarial equivalent of the sum necessary to pay regular
retirement benefits as of age sixty: PROVIDED, That if such
member should withdraw all or part of the member's accumulated
contributions, the individual shall thereupon cease to be a
member and this subsection shall not apply.
[1994 c 197 § 35; 1991 c 365 § 32; 1987 c 215 § 2; 1982 1st ex.s. c 52 § 29; 1973 1st ex.s. c 180 § 5; 1969 c 12 § 7; 1965 c 8 § 43.43.280. Prior: 1961 c 93 § 3; 1951 c 140 § 7; 1947 c 250 § 17; Rem. Supp. 1947 § 6363-97.]
NOTES:
*Reviser's note: RCW 43.43.130 was amended by 1994 c 197 § 33, changing subsections (2) and (3) to subsections (2), (3), and (4).
Intent -- Severability -- Effective date -- 1994 c 197: See notes following RCW 41.50.165.
Severability -- 1991 c 365: See note following RCW 41.50.500.
Effective date -- 1987 c 215: See note following RCW 43.43.130.
Effective dates -- 1982 1st ex.s. c 52: See note following RCW 2.10.180.
Construction -- 1969 c 12: See note following RCW 43.43.120.