41.40.1987 Monthly benefit increase—July 1, 2018.

WA Rev Code § 41.40.1987 (2019) (N/A)
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RCW 41.40.1987 Monthly benefit increase—July 1, 2018.

(1) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2017, shall receive, effective July 1, 2018, an increase to their monthly benefit of one and one-half percent multiplied by the beneficiaries' monthly benefit, not to exceed sixty-two dollars and fifty cents.

(2) This section does not apply to those receiving benefits pursuant to RCW 41.40.1984.

[ 2018 c 151 § 2.]

NOTES:

Effective date—2018 c 151: See note following RCW 41.32.4992.