28B.10.405 - Annuities and retirement income plans -- Contributions by faculty and employees.

Annuities and retirement income plans — Contributions by faculty and employees.

Members of the faculties and such other employees as are designated by the boards of regents of the state universities, the boards of trustees of the regional universities and of The Evergreen State College, or the *state board for community college education shall be required to contribute not less than five percent of their salaries during each year of full time service after the first two years of such service toward the purchase of such annuity or retirement income plan; such contributions may be in addition to federal social security tax contributions, if any.

[1977 ex.s. c 169 § 16; 1973 1st ex.s. c 149 § 2; 1971 ex.s. c 261 § 2; 1969 ex.s. c 223 § 28B.10.405. Prior: 1955 c 123 § 2; 1947 c 223 § 2; Rem. Supp. 1947 § 4543-12. Formerly RCW 28.76.250.]

Notes: *Reviser's note: The state board for community college education was renamed the state board for community and technical colleges by 1991 c 238 § 30.

Severability -- Nomenclature -- Savings -- 1977 ex.s. c 169: See notes following RCW 28B.10.016.

Severability -- Appropriation -- Effective date -- 1973 1st ex.s. c 149: See notes following RCW 28B.10.400.

Severability -- 1971 ex.s. c 261: See note following RCW 28B.10.400.