Washington § 41.26.705 - Intent — 2003 c 2.

Full text of Washington Revised Code of Washington § 41.26.705 — Intent — 2003 c 2., with citation guidance and answers to common questions.

§ 41.26.705. Intent — 2003 c 2.

It is the intent of chapter 2, Laws of 2003 to:
(1) Establish a board of trustees responsible for the adoption of actuarial standards to be applied to the plan;
(2) Provide for additional benefits for firefighters and law enforcement officers subject to the cost limitations provided for in chapter 2, Laws of 2003;
(3) Exercise fiduciary responsibility in the oversight of those pension management functions assigned to the board;
(4) Provide effective monitoring of the plan by providing an annual report to the legislature, to the members and beneficiaries of the plan, and to the public;
(5) Establish contribution rates for employees, employers, and the state of Washington that will guaranty viability of the plan, subject to the limitations provided for in chapter 2, Laws of 2003;
(6) Provide for an annual budget and to pay costs from the trust, as part of the normal cost of the plan; and
(7) Enable the board of trustees to retain professional and technical advisors as necessary for the fulfillment of their statutory responsibilities.
[ 2003 c 2 s 2 (Initiative Measure No. 790, approved November 5, 2002).]

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Frequently Asked Questions About Washington § 41.26.705

What does Revised Code of Washington § 41.26.705 cover?

Section 41.26.705 ("Intent — 2003 c 2.") 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 § 41.26.705?

A common citation format is "Revised Code of Washington § 41.26.705" (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 § 41.26.705 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

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.