Washington § 41.50.088 - Duties of director — Retirement investments.

Full text of Washington Revised Code of Washington § 41.50.088 — Duties of director — Retirement investments., with citation guidance and answers to common questions.

§ 41.50.088. Duties of director — Retirement investments.

(1) The director shall adopt rules as necessary and exercise the following powers and duties:
(a) The director shall recommend to the state investment board types of options for member self-directed investment in the teachers' retirement system plan 3, the school employees' retirement system plan 3, and the public employees' retirement system plan 3 as deemed by the director to be reflective of the members' preferences;
(b) By July 1, 2005, subject to favorable tax determination by the internal revenue service, the director shall make optional actuarially equivalent life annuity benefit payment schedules available to members and survivors that may be purchased from the combined plan 2 and plan 3 funds under RCW 41.50.075; and
(c) Determination of the basis for administrative charges to the self-directed investment fund to offset self-directed account expenses;
(2) The director shall recommend to the state investment board types of options for participant self-directed investment in the state deferred compensation plan, as deemed by the director to be reflective of the participants' preferences.
[ 2010 1st sp.s. c 7 s 28; 2005 c 327 s 14; 2000 c 247 s 602. Prior: 1998 c 341 s 507; 1998 c 116 s 10; 1995 c 239 s 302.]

Notes

Effective date—2010 1st sp.s. c 26; 2010 1st sp.s. c 7: See note following RCW 43.03.027.
Effective dates—Subchapter headings not law—2000 c 247: See RCW 41.40.931 and 41.40.932.
Effective date—1998 c 341: See note following RCW 41.34.060.
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.

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

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Frequently Asked Questions About Washington § 41.50.088

What does Revised Code of Washington § 41.50.088 cover?

Section 41.50.088 ("Duties of director — Retirement investments.") 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 § 41.50.088?

A common citation format is "Revised Code of Washington § 41.50.088" (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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