Washington § 41.50.033 - Crediting interest to retirement system accounts. (Effective until June 30, 2029.)

Full text of Washington Revised Code of Washington § 41.50.033 — Crediting interest to retirement system accounts. (Effective until June 30, 2029.), with citation guidance and answers to common questions.

§ 41.50.033. Crediting interest to retirement system accounts. (Effective until June 30, 2029.)

(1) The director shall determine when interest, if provided by a plan, shall be credited to accounts in the public employees' retirement system, the teachers' retirement system, the school employees' retirement system, the public safety employees' retirement system, the law enforcement officers' and firefighters' retirement system, or the Washington state patrol retirement system. The amounts to be credited and the methods of doing so shall be at the director's discretion, except that if interest is credited, it shall be done at least quarterly.
(2) Interest as determined by the director under this section is "regular interest" as defined in RCW 41.40.010, 41.32.010, 41.35.010, 41.37.010, 41.26.030, and 43.43.120.
(3) The legislature affirms that the authority of the director under RCW 41.40.020 and 41.50.030 includes the authority and responsibility to establish the amount and all conditions for regular interest, if any. The legislature intends chapter 493, Laws of 2007 to be curative, remedial, and retrospectively applicable.
[ 2019 c 64 s 18; 2007 c 493 s 1.]

Notes

Explanatory statement—2019 c 64: See note following RCW 1.20.110.
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RCW 41.50.033

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

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Frequently Asked Questions About Washington § 41.50.033

What does Revised Code of Washington § 41.50.033 cover?

Section 41.50.033 ("Crediting interest to retirement system accounts. (Effective until June 30, 2029.)") 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 § 41.50.033?

A common citation format is "Revised Code of Washington § 41.50.033" (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.

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