WAC 415-114-200. Definitions

As used in this chapter, unless a different meaning is plainly required by the context: (1) "Department" - Refers to the department of retirement systems established pursuant to chapter 41.50 RCW as now existing or hereafter amended; (2) "Receivable" - Refers to an amount owed to DRS, where there is a legal obligation to pay DRS and DRS has a legal obligation to collect the amount owed. That includes, but is not limited to, amounts owed to trust funds administered by the department of retirement systems; (3) "Close of business day" - Refers to 5:00 p.m. of a business day; (4) "Overdue receivable" - Refers to a receivable with an unpaid balance at the close of business three business days after the due date; (5) "Employer receivable" - Refers to a receivable which is owed by any one of the employers within the retirement systems and programs administered by the department as defined in RCW 41.50.030 ; (6) "Member receivable" - Refers to a receivable which is owed by any one of the current or previous members of the retirement systems and programs administered by the department as defined in RCW 41.50.030 , or is owed by a member's beneficiary, legal owner payee, or other agent in conjunction with the member's account; (7) "Administrative receivable" - Refers to any receivable owed the department which is not considered an employer receivable or a member receivable.