Chapter 2.76
EMPLOYEES’ RETIREMENT SYSTEM1
Sections:
2.76.030 Basis for prior service credit.
2.76.040 Basis for contribution.
2.76.050 Basis for Social Security coverage.
2.76.010 Election of system.
The city has elected and does hereby elect to participate as a member of Statewide City Employees’ Retirement System for pension, relief, disability, and retirement for the employees of the city as provided by Chapter 41.44 RCW. All employees of the city shall be included in said system; provided, that no elective official shall be included unless said official so elects and files a written notice of such election with the board of trustees of the pension system and with the city clerk-treasurer. [Ord. 299 § 1, 1962].
2.76.020 Number of employees.
The number of employees and officials, other than elective officials, who shall be included as members of the pension system is approximately four. [Ord. 299 § 2, 1962].
2.76.030 Basis for prior service credit.
The basis for prior service credit shall be 100 percent of final compensation known as “full prior service credit.” [Ord. 299 § 4, 1962].
2.76.040 Basis for contribution.
The basis for contribution shall be maximum 100 percent. [Ord. 299 § 5, 1962].
2.76.050 Basis for Social Security coverage.
The basis for Social Security coverage will be coordination. [Ord. 299 § 6, 1962].
For statutory provisions pertaining to the statewide city employees’ retirement system, see Chapter 41.44 RCW.