WAC 415-110-605
Do I qualify for retirement from Plan 3? (1) You may retire from Plan 3:
(a) At age sixty-five with an unreduced defined benefit
with the following amounts of service credit:
(i) Ten years of service credit;
(ii) Five years of service credit, including at least
twelve service credit months after attaining age forty-four;
or
(iii) Five years of Plan 2 service credit earned prior to
September 1, 2000, before transferring to Plan 3 under RCW 41.35.510;
(b) At age fifty-five with a minimum of ten years of
service credit; however, your defined benefit will be
actuarially reduced to reflect the difference in the number of
years between your age at retirement and age sixty-five; or
(c) At age fifty-five with a minimum of thirty years of
service credit. Your defined benefit will be reduced by three
percent per year for each year between your age at retirement
and age sixty-five.
(2) Under RCW 41.35.010 (7)(c), you may use up to
forty-five days of unused sick leave to meet service credit
requirements.
(a) Forty-five days of unused sick leave is equal to two
service credit months. Less than forty-five days is
creditable as specified in RCW 41.35.010 (7)(c).
(b) Unused sick leave may not be used to meet age
requirements.
(c) The sick leave used is forfeited, and may not be
cashed out.
(d) The value of the sick leave will not be included in
your AFC or used to determine the amount of your retirement
benefit.
Example:
On December 31, 2005, John is age sixty-five and
has four years and ten months of service credit.
John has forty-five days of sick leave. John
may use the forty-five days of sick leave to
qualify for retirement effective January 1,
2006.