WAC 415-112-295   May I use "unpurchased" out-of-state teaching service credit to determine eligibility for retirement?  (1) If you earned service credit in an out-of-state retirement system that covers teachers in public schools and do not purchase that service credit, you may use it solely to qualify for retirement.

     (2) If you use "unpurchased" out-of-state service credit to qualify for retirement, your retirement benefit:

     (a) Will be based solely on your years of service credit in the Washington teachers' retirement system; and

     (b) Will be actuarially reduced according to the age you would have been eligible to retire if you had not counted your out-of-state service credit. See RCW 41.32.065.

     (3) You may also be eligible to purchase a limited amount of service credit for out-of-state teaching under this chapter.

Example:

Jane is a member of TRS Plan 1. She has five years of out-of-state service credit as a public school teacher and twenty-five years of service credit in TRS Plan 1. She is eligible to retire from TRS Plan 1 with thirty years of service credit; however, her retirement benefit will be based solely on her twenty-five years of TRS service credit.

[Statutory Authority: RCW 41.50.050(5), 41.32.065. 06-18-006, § 415-112-295, filed 8/24/06, effective 9/24/06.]