Chapter 2.72   STATEWIDE CITY EMPLOYEES' RETIREMENT SYSTEM

Sections:


2.72.010   Participation—Basis for credit.

The city council has ordained in the ordinance codified in this section, as follows:

A.

That the city council has elected to participate as a member of the statewide city employees' retirement system for pension, relief, disability and retirement for the employees of the city as provided by RCW Chapter 41.44; that all employees and officials of the city shall be included in the system provided that no elective official shall be included unless the official so elects and files a written notice of such election with the board of trustees of the pension system and with the city clerk-treasurer;

B.

That a certified copy of the ordinance codified in this chapter shall be transmitted to the board of trustees of the statewide system as evidence of an election of the city council to join such pension system;

C.

That the basis for prior-service credit shall be 1.33 percent of final compensation known as "full prior service credit";

D.

That the basis for social security coverage will be "coordination";

E.

That the basis for contribution shall be full compensation.

(Ord. 110 §§ 1, 3—6, 1969)

2.72.020   Membership in Washington State Public Employees' Retirement System.

Pursuant to RCW 41.44.300, the Statewide City Employees' Retirement System was specified to no longer exist after January 1, 1972, at which time, all assets, liabilities and responsibilities of the Statewide City Employees' Retirement System were transferred to and assumed by the Washington Public Employees' Retirement System, as provided in RCW Chapter 41.40. The city council authorizes and approves membership of its eligible employees in the Washington Public Employees' Retirement System, as established in RCW Chapter 41.40 et seq., and authorizes the expenditure of necessary funds to cover the city's proportionate share for participation in said system.

(Ord. 572 § 1, 1995)