(1) The
allocation of costs between the employer and members of the
Washington state patrol retirement system shall be made only
after the application of any minimum total contribution rate that
may be in effect for the system under subsection (4) of this
section. For benefit improvements effective on or after July 1,
2007, costs shall be shared equally by members and the employer,
and any cap on member contributions shall be adjusted
accordingly. The member contribution rate shall be based on the
adjusted total contribution rate described in subsection (2) of
this section. Beginning July 1, 2007, the required member
contribution rate for members of the Washington state patrol
retirement system shall be the lesser of the following: (a)
One-half of the adjusted total contribution rate for the system;
or (b) seven percent, plus fifty percent of the contribution rate
increase caused by any benefit improvements effective on or after
July 1, 2007.
(2) The employer shall continue to pay for all costs
attributable to distributions under RCW 43.43.270(2) for
survivors of members who became disabled under RCW 43.43.040(2)
prior to July 1, 2006, until such costs are fully paid. In order
to avoid charging members for these costs, the total required
contribution rate shall be adjusted to exclude these costs. The
result of the adjustment shall be the adjusted total contribution
rate that is to be used to calculate the required member
contribution rate.
(3) The employer rate shall be the contribution rate
required to cover all total system costs that are not covered by
the member contribution rate.
(4) Beginning July 1, 2009, a minimum total contribution
rate is established for the Washington state patrol retirement
system. The total Washington state patrol retirement system
contribution rate may exceed, but may not drop below, the
established minimum total contribution rate. From July 1, 2009,
through June 30, 2011, the minimum total contribution rate shall
equal the total contribution rate required to fund fifty percent
of the Washington state patrol retirement system's normal cost as
calculated under the entry age normal cost method. Beginning
July 1, 2011, the minimum total contribution rate shall equal the
total contribution rate required to fund seventy percent of the
Washington state patrol retirement system's normal cost as
calculated under the entry age normal cost method. This minimum
rate, when applicable, shall be collected in addition to any
contribution rate required to amortize any unfunded costs
attributable to distributions under RCW 43.43.270(2) for
survivors of members who became disabled under RCW 43.43.040(2)
prior to July 1, 2006.
(5) Upon completion of each biennial actuarial valuation,
the state actuary shall review the appropriateness of this
minimum total contribution rate and recommend to the council any
adjustments as may be needed. Any changes adopted by the council
shall be subject to revision by the legislature.
[2009 c 561 § 7. Prior: 2007 c 300 § 1; 2007 c 280 § 5; 2006 c 94 § 2; 2001 c 329 § 11.]
NOTES:
Effective date -- 2009 c 561: See note following RCW 41.45.010.
Effective date -- 2007 c 300: "This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and takes effect July 1, 2007." [2007 c 300 § 3.]
Effective date -- 2001 c 329: See note following RCW 43.43.120.