Chapter 2.20
Retirement System1
Sections:
2.20.010 Election to participate--Membership.
2.20.020 Number of employees covered.
2.20.040 Basis for service credit.
2.20.060 Basis for contribution.
2.20.070 Long-term care fund established.
2.20.080 Use of long-term care funds.
2.20.010 Election to participate--Membership.
The city has elected and does 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 RCW Chapter 41.44. All employees and officials of the city shall be included in the system provided that no elective official shall be included unless the 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. (Ord. 871 §1, 1966).
2.20.020 Number of employees covered.
The number of employees and officials, other than elective officials who shall be included as members of the pension system is approximately fifteen. (Ord. 871 §2, 1966).
2.20.030 Evidence of intent.
A certified copy of the ordinance codified in this chapter shall be transmitted to the board of trustees of the statewide system as evidence of an election of the city to join such pension system. (Ord. 871 §3, 1966).
2.20.040 Basis for service credit.
The basis for prior service credit shall be one and thirty-three one-hundredths percent of final compensation known as "full prior service credit." (Ord. 871 §4, 1966).
2.20.050 Social Security.
The basis for social security coverage will be coordination. (Ord. 871 §5, 1966).
2.20.060 Basis for contribution.
The basis for contribution shall be full compensation. (Ord. 871 §6, 1966).
2.20.070 Long-term care fund established.
There shall be established within the budgetary system of the city a fund which shall be denominated the "long-term care fund." The monies deposited therein shall, so long as they remain in such fund, be utilized for the purposes set forth in Section 2.20.080. (Ord. 1408 §1, 1998).
2.20.080 Use of long-term care funds.
The monies placed within the fund established by Section 2.20.070 shall be utilized for the payment of long-term health care costs, including but not limited to nursing home care, for retirees from employment with the city who have retired under the LEOFF I provisions of RCW 41.56, to the extent such care is not subject to payment pursuant to the provisions of any applicable program, including but not limited to Social Security, health care insurance, or long-term disability insurance. (Ord. 1408 §2, 1998).
Prior ordinance history: Ordinance 801.