WAC 415-02-550

WAC 415-02-550. What happens to my defined contributions if I transfer to Plan 3 after the department of retirement systems accepts my property division dissolution order?

Last amended: 2016Year: 2026Length: 252 wordsOfficial source
(1) Who may use this section? You may use this section if you were a member of PERS Plan 2, SERS Plan 2, or TRS Plan 2 and first obtained a property division dissolution order using the language in RCW 41.50.670 (2) and WAC 415-02-510 or 415-02-520 , and then transfer to Plan 3. 1 (2) What happens if the property division dissolution order (using the language in RCW 41.50.670 (2) and WAC 415-02-510 ) did not split my account? Refer to WAC 415-02-530 for information about your defined benefit account and about your and your ex-spouse's defined contribution accounts after you transfer to Plan 3. (3) What happens if the property dissolution order used the language in WAC 415-02-520 and did split my account? (a) Your ex-spouse's account will remain in Plan 2. Your ex-spouse is ineligible to transfer to Plan 3. (b) The balance of your accumulated contributions remaining in your Plan 2 account after it was split will be transferred to your Plan 3 defined contributions account. (Refer to chapter 415-111 WAC for information about your defined contribution account.) (4) Terms used: (a) Dissolution order - RCW 41.50.500 . (b) Ex-spouse - WAC 415-02-030 . (c) PERS - Public employees' retirement system. (d) Plan 3 retirement systems - WAC 415-111-100 . (e) SERS - School employees' retirement system. (f) Split accounts - WAC 415-02-030 . (g) TRS - Teachers' retirement system. Footnote to section: 1 The section does not apply to retirees, because retirees cannot transfer to Plan 3.
WAC 415-02-550: WAC 415-02-550. What happens to my defined contributions if I transfer to Plan 3 after the department of retirement systems accepts my property division dissolution order? | Justis AI