(1) Two funds are hereby
created and established in the state treasury to be known as the
Washington law enforcement officers' and firefighters' system
plan 1 retirement fund, and the Washington law enforcement
officers' and firefighters' system plan 2 retirement fund which
shall consist of all moneys paid into them in accordance with the
provisions of this chapter and chapter 41.26 RCW, whether such
moneys take the form of cash, securities, or other assets. The
plan 1 fund shall consist of all moneys paid to finance the
benefits provided to members of the law enforcement officers' and
firefighters' retirement system plan 1, and the plan 2 fund shall
consist of all moneys paid to finance the benefits provided to
members of the law enforcement officers' and firefighters'
retirement system plan 2.
(2) All of the assets of the Washington state teachers'
retirement system shall be credited according to the purposes for
which they are held, to two funds to be maintained in the state
treasury, namely, the teachers' retirement system plan 1 fund and
the teachers' retirement system combined plan 2 and 3 fund. The
plan 1 fund shall consist of all moneys paid to finance the
benefits provided to members of the Washington state teachers'
retirement system plan 1, and the combined plan 2 and 3 fund
shall consist of all moneys paid to finance the benefits provided
to members of the Washington state teachers' retirement system
plan 2 and 3.
(3) There is hereby established in the state treasury two
separate funds, namely the public employees' retirement system
plan 1 fund and the public employees' retirement system combined
plan 2 and plan 3 fund. The plan 1 fund shall consist of all
moneys paid to finance the benefits provided to members of the
public employees' retirement system plan 1, and the combined plan
2 and plan 3 fund shall consist of all moneys paid to finance the
benefits provided to members of the public employees' retirement
system plans 2 and 3.
(4) There is hereby established in the state treasury the
school employees' retirement system combined plan 2 and 3 fund.
The combined plan 2 and 3 fund shall consist of all moneys paid
to finance the benefits provided to members of the school
employees' retirement system plan 2 and plan 3.
(5) There is hereby established in the state treasury the
public safety employees' retirement system plan 2 fund. The plan
2 fund shall consist of all moneys paid to finance the benefits
provided to members of the public safety employees' retirement
system plan 2.
[2004 c 242 § 44; 2000 c 247 § 601; 1998 c 341 § 503; 1996 c 39 § 16; 1995 c 239 § 312; 1991 c 35 § 108.]
NOTES:
Effective date -- 2004 c 242: See RCW 41.37.901.
Effective dates -- Subchapter headings not law -- 2000 c 247: See RCW 41.40.931 and 41.40.932.
Effective date -- 1998 c 341: See RCW 41.35.901.
Effective dates -- 1996 c 39: See note following RCW 41.32.010.
Intent -- Purpose -- 1995 c 239: See note following RCW 41.32.831.
Effective date -- Part and subchapter headings not law -- 1995 c 239: See notes following RCW 41.32.005.
Intent -- 1991 c 35: See note following RCW 41.26.005.
Benefits not contractual right until date specified: RCW 41.34.100.