Washington § 41.32.817 - Transfer to plan 3 — Irrevocable option.

Full text of Washington Revised Code of Washington § 41.32.817 — Transfer to plan 3 — Irrevocable option., with citation guidance and answers to common questions.

§ 41.32.817. Transfer to plan 3 — Irrevocable option.

(1) Every plan 2 member employed by an employer in an eligible position may make an irrevocable option to transfer to plan 3.
(2) Any plan 2 member who is a substitute teacher may make an irrevocable option to transfer to plan 3 at the time the member purchases substitute service credit pursuant to RCW 41.32.013, pursuant to time lines and procedures established by the department.
(3) Any plan 2 member, other than a substitute teacher, who wishes to transfer to plan 3 after December 31, 1997, may transfer during the month of January in any following year, provided that the member earns service credit for that month.
(4) All service credit in plan 2 shall be transferred to the defined benefit portion of plan 3.
(5) The accumulated contributions in plan 2 less fifty percent of any contributions made pursuant to RCW 41.50.165(2) shall be transferred to the member's account in the defined contribution portion established in chapter 41.34 RCW, pursuant to procedures developed by the department and subject to RCW 41.34.090. Contributions made pursuant to RCW 41.50.165(2) that are not transferred to the member's account shall be transferred to the fund created in RCW 41.50.075(2), except that interest earned on all such contributions shall be transferred to the member's account.
(6) The legislature reserves the right to discontinue the right to transfer under this section.
(7) Anyone previously retired from plan 2 is prohibited from transferring to plan 3.
[ 1996 c 39 s 2; 1995 c 239 s 303.]

Notes

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.
Benefits not contractual right until date specified: RCW 41.34.100.

Related Washington Legal Topics

Frequently Asked Questions About Washington § 41.32.817

What does Revised Code of Washington § 41.32.817 cover?

Section 41.32.817 ("Transfer to plan 3 — Irrevocable option.") 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 § 41.32.817?

A common citation format is "Revised Code of Washington § 41.32.817" (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 § 41.32.817 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.