Revised Code of Washington

Wash. Rev. Code § 41.50.215 (2026)

Teachers' retirement system funds—Annual interest to be credited

✓ current as of May 2026

Find cases: SyfertCases citing this section WA-LEGapp.leg.wa.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

From interest and other earnings on the moneys of the Washington state teachers' retirement system, and except as otherwise provided in *RCW 41.32.499, at the close of each fiscal year the department shall make an allowance of regular interest on the balance which was on hand at the beginning of the fiscal year in each of the teachers' retirement system funds as they may deem advisable; however, no interest shall be credited to the expense fund.

[ 1992 c 212 s 6; 1991 c 35 s 36; 1973 1st ex.s. c 189 s 7; 1955 c 274 s 5; 1947 c 80 s 19; Rem. Supp. 1947 s 4995-38. Prior: 1941 c 97 s 6, part; 1939 c 86 s 6, part; 1937 c 221 s 7, part; Rem. Supp. 1941 s 4995-7, part. Formerly RCW 41.32.190.]

Notes:

*Reviser's note: RCW 41.32.499 was repealed by 1995 c 345 s 11.

Intent—1991 c 35: See note following RCW 41.26.005.

Severability—1973 1st ex.s. c 189: "If any provision of this 1973 amendatory act, or its application to any person or circumstance is held invalid, the remainder of the act, or the application of the provision to other persons or circumstances is not affected." [ 1973 1st ex.s. c 189 s 12.]

Notes of Decisions

Cited in 3 cases, 2012–2019 · leading case: Probst v. State Dept. of Ret. Sys., 271 P.3d 966 (Wash. Ct. App. 2012).

Sort: Relevance Newest Treatment

Probst v. State Dept. of Ret. Sys., 271 P.3d 966 (Wash. Ct. App. 2012). · cites it 3× “RCW 41.50.215, originally enacted in 1937, [8] provides that "at the close of each fiscal year the department shall make an allowance of regular interest on the balance which was on hand at the beginning of the fiscal year in each of the teachers' retirement system funds as they…”

Mickey Fowler v. Tracy Guerin, 918 F.3d 644 (9th Cir. 2019). “Washington law requires the Director of the Department of Retirement Systems (the “Director”) to “make an allowance of regular interest” on the participants’ PERS Plan II contributions, Wash. Rev. Code § 41.50.215 , and defines “regular interest” as “such rate as the director…”

Probst ex rel. Class of Similarly Situated Individuals v. Dep't of Ret. Sys., 167 Wash. App. 180 (Wash. Ct. App. 2012). · cites it 2× “RCW 41.50.215 deals with regular interest on TRS fund balances and thus is related to chapter 41.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.