Statutes, codes, and regulations
Washington Administrative Code
Title 415 - Retirement Systems, Department ofChapter 415-501 - Deferred compensation plan
AMENDMENT OR TERMINATION OF PLAN
Section 415-501-530 - What happens if the plan is terminated?

Wash. Admin. Code § 415-501-530

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Current through Register Vol. 25-01, January 1, 2025
Section 415-501-530 - What happens if the plan is terminated?

The legislature may terminate this plan at any time. Upon such termination, accumulated deferrals will be distributed to all plan participants and beneficiaries as soon as administratively possible. The participants' deferrals will cease.

Wash. Admin. Code § 415-501-530

Statutory Authority: RCW 41.50.050(5), 41.50.780(10), and 41.50.770. 04-22-053, §415-501-530, filed 10/29/04, effective 11/29/04. Statutory Authority: RCW 41.50.050(5), 41.50.030(2), 41.50.088(2), 41.50.770, and 41.50.780, 26 U.S.C. (Internal Revenue Code) and related tax regulations. 02-01-121, §415-501-530, filed 12/19/01, effective 1/1/02. Statutory Authority: RCW 41.50.770, [41.50.]780 and41.50.050 . 00-11-104, amended and recodified as §415-501-530, filed 5/18/00, effective 6/18/00. Statutory Authority: RCW 41.50.050 and 41.50.780(11). 96-16-020, § 415-532-010, filed 7/29/96, effective 7/29/96.