Washington § 35.39.060 - Investment of pension funds.

Full text of Washington Revised Code of Washington § 35.39.060 — Investment of pension funds., with citation guidance and answers to common questions.

§ 35.39.060. Investment of pension funds.

Any city or town now or hereafter operating an employees' pension system with the approval of the board otherwise responsible for management of its respective funds may invest, reinvest, manage, contract, sell, or exchange investments acquired. Investments shall be made in accordance with investment policy duly established and published by the board. In discharging its duties under this section, the board shall act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; shall diversify the investments of the employees' pension system so as to minimize the risk of large losses; and shall act in accordance with the documents and instruments governing the employees' pension system, insofar as such documents and instruments are consistent with the provisions of this title.
[ 2013 c 23 s 62; 2009 c 549 s 2076; 1982 c 166 s 1.]

Notes

Effective date—1982 c 166: "This act shall take effect July 1, 1982." [ 1982 c 166 s 9.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 35.39.060

What does Revised Code of Washington § 35.39.060 cover?

Section 35.39.060 ("Investment of pension funds.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 35.39.060?

A common citation format is "Revised Code of Washington § 35.39.060" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 35.39.060 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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