Washington § 41.54.090 - Benefits under chapter — Lump sum payment.

Full text of Washington Revised Code of Washington § 41.54.090 — Benefits under chapter — Lump sum payment., with citation guidance and answers to common questions.

§ 41.54.090. Benefits under chapter — Lump sum payment.

(1) The systems may pay a dual member a lump sum payment in lieu of a monthly benefit if the initial monthly benefit computed in accordance with RCW 41.54.030 would be less than fifty dollars. The lump sum payment shall be the greater of the actuarial equivalent of such monthly benefits or an amount equal to the individual's accumulated contributions plus accrued interest.
(2) It is the intent of the legislature that any member who receives a settlement under this section shall be deemed to be retired from the system making the lump sum payment.
[ 1988 c 195 s 6.]

Related Washington Legal Topics

Frequently Asked Questions About Washington § 41.54.090

What does Revised Code of Washington § 41.54.090 cover?

Section 41.54.090 ("Benefits under chapter — Lump sum payment.") 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 § 41.54.090?

A common citation format is "Revised Code of Washington § 41.54.090" (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 § 41.54.090 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.