Revised Code of Washington
Wash. Rev. Code § 41.32.840 (2025)
Computation of the retirement allowance
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(1) A member of the retirement system shall receive a retirement allowance equal to one percent of such member's average final compensation for each service credit year.
(2) The retirement allowance payable under RCW 41.32.875 to a member who separates after having completed at least twenty service credit years shall be increased by twenty-five one-hundredths of one percent, compounded for each month from the date of separation to the date that the retirement allowance commences.
Notes:
Effective dates—1996 c 39: See note following RCW 41.32.010.
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.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2021–2021 · leading case: Fowler v. Guerin, No. 3:15-cv-05367 (W.D. Wash. July 23, 2021).
Fowler v. Guerin, No. 3:15-cv-05367 (W.D. Wash. July 23, 2021). “DRS 18 argues that had the Legislature known of its obligation to pay daily interest, it would have 19 simply allocated some of the remaining assets to the TRS 3 member in the form of the 20 daily interest owed and the rest of the remaining assets to the TRS 3 member in the form…”
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