WAC 415-112-501   Do I qualify for retirement from Plan 2?  You may retire from Plan 2:

     (1) At age sixty-five with a minimum of five years of service;

     (2) At age fifty-five with a minimum of twenty years of service, however, your retirement allowance will be actuarially reduced to reflect the difference in the number of years between your age at retirement and age sixty-five; or

     (3) At age fifty-five with a minimum of thirty years of service credit. Your defined benefit will be reduced by three percent per year to reflect the difference in the number of years between your age at retirement and age sixty-five.

     See RCW 41.32.765.



[Statutory Authority: RCW 41.50.050(5) and 41.32.765. 05-12-108, § 415-112-501, filed 5/27/05, effective 6/27/05.]