Statutes, codes, and regulations
Washington Administrative Code
Title 415 - Retirement Systems, Department ofChapter 415-112 - Teachers' retirement system
EARNABLE COMPENSATION - MEMBER CONTRIBUTIONS
Section 415-112-4604 - Is compensation applied toward cafeteria plans earnable compensation?

Wash. Admin. Code § 415-112-4604

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Current through Register Vol. 24-12, June 15, 2024
Section 415-112-4604 - Is compensation applied toward cafeteria plans earnable compensation?

Compensation you receive and apply toward a benefit plan under I.R.C. Section 125 may be earnable compensation. If you have an absolute right to receive cash or deferred cash payments instead of the fringe benefit, the payment is earnable compensation. If you have no cash option, the value of the fringe benefit is not earnable compensation. Also see WAC 415-112-480.

Wash. Admin. Code § 415-112-4604

Statutory Authority: RCW 41.50.050(5) and 41.32.010(10). 05-12-108, § 415-112-4604, filed 5/27/05, effective 6/27/05. Statutory Authority: RCW 41.50.050. 97-03-016, § 415-112-4604, filed 1/6/97, effective 2/6/97.