WAC 491-02-095. Actuarial tables, schedules, and factors

This chapter contains the tables, schedules, and factors adopted by the board for volunteer firefighters and reserve officers pursuant to the authority granted by RCW 41.24.185 for calculating optional retirement allowances of members of retirement systems administered by the board. These tables, schedules, and factors were adopted by the board upon the recommendation of and in light of the findings of the state actuary in his regular actuarial investigation into the mortality, service, compensation, and other experience of the members and beneficiaries of such retirement systems. The tables, schedules, and factors contained in this chapter shall govern the retirement allowances only of members retiring during the period from January 1, 2017, until such time as these tables, schedules, and factors are amended by the board following the next actuarial investigation conducted by the state actuary. The retirement allowances of members retiring before January 1, 2017, shall continue to be governed by the tables, schedules, and factors in effect at the time of each member's retirement. Any new tables, schedules, and factors adopted by the board in the future shall govern retirement allowances only of members retiring after the adoption of such new tables, schedules, and factors. Board for Volunteer Firefighters and Reserve Officers Table #1 Joint/Survivor Pension Option 2 (Joint and 100% Survivor Pension with Pop-up) (WAC 415-02-380 ) Member Younger Member Older Age Difference Option 2 100% Age Difference Option 2 100% -20 0.941 0 0.850 -19 0.938 1 0.844 -18 0.934 2 0.839 -17 0.930 3 0.834 -16 0.926 4 0.829 -15 0.922 5 0.825 -14 0.918 6 0.820 -13 0.913 7 0.815 -12 0.909 8 0.811 -11 0.904 9 0.806 -10 0.900 10 0.802 -9 0.895 11 0.798 -8 0.890 12 0.794 -7 0.885 13 0.790 -6 0.880 14 0.786 -5 0.875 15 0.783 -4 0.870 16 0.779 -3 0.865 17 0.776 -2 0.860 18 0.773 -1 0.855 19 0.770 20 0.767 21 0.764 22 0.762 23 0.759 24 0.757 25 0.755 26 0.753 27 0.751 28 0.749 29 0.747 30 0.746 31 0.744 32 0.743 33 0.742 34 0.740 35 0.739 36 0.738 37 0.737 38 0.736 39 0.735 40 0.734 Member Younger Member Older Age Difference Option 2 100% Age Difference Option 2 100% -20 0.941 0 0.850 -19 0.938 1 0.844 -18 0.934 2 0.839 -17 0.930 3 0.834 -16 0.926 4 0.829 -15 0.922 5 0.825 -14 0.918 6 0.820 -13 0.913 7 0.815 -12 0.909 8 0.811 -11 0.904 9 0.806 -10 0.900 10 0.802 -9 0.895 11 0.798 -8 0.890 12 0.794 -7 0.885 13 0.790 -6 0.880 14 0.786 -5 0.875 15 0.783 -4 0.870 16 0.779 -3 0.865 17 0.776 -2 0.860 18 0.773 -1 0.855 19 0.770 20 0.767 21 0.764 22 0.762 23 0.759 24 0.757 25 0.755 26 0.753 27 0.751 28 0.749 29 0.747 30 0.746 31 0.744 32 0.743 33 0.742 34 0.740 35 0.739 36 0.738 37 0.737 38 0.736 39 0.735 40 0.734 Table #2 Survivor Pension Early Retirement Factors (WAC 415-02-320 ) Years Early Month 0 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 0 1.0000 .9926 .9852 .9778 .9704 .9630 .9557 .9483 .9409 .9335 .9261 .9187 1 .9113 .9047 .8981 .8915 .8849 .8783 .8717 .8651 .8585 .8519 .8453 .8387 2 .8321 .8262 .8203 .8144 .8085 .8026 .7967 .7908 .7849 .7789 .7730 .7671 3 .7612 .7559 .7506 .7453 .7400 .7347 .7294 .7241 .7188 .7135 .7082 .7028 4 .6975 .6928 .6880 .6832 .6784 .6736 .6689 .6641 .6593 .6545 .6497 .6450 5 .6402 .6359 .6316 .6272 .6229 .6186 .6143 .6100 .6057 .6014 .5970 .5927 6 .5884 .5845 .5806 .5767 .5728 .5689 .5650 .5611 .5572 .5533 .5493 .5454 7 .5415 .5380 .5345 .5309 .5274 .5238 .5203 .5167 .5132 .5096 .5061 .5026 8 .4990 .4958 .4926 .4894 .4861 .4829 .4797 .4765 .4733 .4700 .4668 .4636 9 .4604 .4574 .4545 .4516 .4486 .4457 .4428 .4398 .4369 .4340 .4310 .4281 10 .4252 .4225 .4198 .4171 .4145 .4118 .4091 .4064 .4037 .4011 .3984 .3957 11 .3930 .3906 .3881 .3857 .3832 .3808 .3783 .3759 .3735 .3710 .3686 .3661 12 .3637 .3614 .3592 .3569 .3547 .3525 .3502 .3480 .3457 .3435 .3413 .3390 13 .3368 .3347 .3327 .3306 .3286 .3265 .3244 .3224 .3203 .3183 .3162 .3142 14 .3121 .3102 .3083 .3065 .3046 .3027 .3008 .2989 .2970 .2951 .2932 .2914 15 .2895 .2877 .2860 .2843 .2825 .2808 .2791 .2773 .2756 .2738 .2721 .2704 16 .2686 .2670 .2654 .2639 .2623 .2607 .2591 .2575 .2559 .2543 .2527 .2511 17 .2495 .2480 .2465 .2451 .2436 .2421 .2406 .2392 .2377 .2362 .2347 .2333 18 .2318 .2304 .2291 .2277 .2264 .2250 .2236 .2223 .2209 .2196 .2182 .2169 19 .2155 .2142 .2130 .2117 .2105 .2092 .2080 .2067 .2055 .2042 .2029 .2017 20 .2004 .1993 .1981 .1969 .1958 .1946 .1935 .1923 .1911 .1900 .1888 .1877 21 .1865 .1854 .1844 .1833 .1822 .1811 .1801 .1790 .1779 .1768 .1758 .1747 22 .1736 .1726 .1716 .1706 .1696 .1686 .1677 .1667 .1657 .1647 .1637 .1627 23 .1617 .1608 .1598 .1589 .1580 .1571 .1562 .1552 .1543 .1534 .1525 .1516 24 .1506 .1498 .1489 .1481 .1472 .1464 .1455 .1446 .1438 .1429 .1421 .1412 25 .1404 .1396 .1388 .1380 .1372 .1364 .1356 .1348 .1340 .1332 .1324 .1317 26 .1309 .1301 .1294 .1287 .1279 .1272 .1264 .1257 .1250 .1242 .1235 .1228 27 .1220 .1213 .1207 .1200 .1193 .1186 .1179 .1172 .1166 .1159 .1152 .1145 28 .1138 .1132 .1125 .1119 .1113 .1106 .1100 .1094 .1087 .1081 .1075 .1068 29 .1062 .1057 .1052 .1046 .1041 .1036 .1031 .1026 .1021 .1015 .1010 .1005 30 + .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 Years Early Month 0 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 0 1.0000 .9926 .9852 .9778 .9704 .9630 .9557 .9483 .9409 .9335 .9261 .9187 1 .9113 .9047 .8981 .8915 .8849 .8783 .8717 .8651 .8585 .8519 .8453 .8387 2 .8321 .8262 .8203 .8144 .8085 .8026 .7967 .7908 .7849 .7789 .7730 .7671 3 .7612 .7559 .7506 .7453 .7400 .7347 .7294 .7241 .7188 .7135 .7082 .7028 4 .6975 .6928 .6880 .6832 .6784 .6736 .6689 .6641 .6593 .6545 .6497 .6450 5 .6402 .6359 .6316 .6272 .6229 .6186 .6143 .6100 .6057 .6014 .5970 .5927 6 .5884 .5845 .5806 .5767 .5728 .5689 .5650 .5611 .5572 .5533 .5493 .5454 7 .5415 .5380 .5345 .5309 .5274 .5238 .5203 .5167 .5132 .5096 .5061 .5026 8 .4990 .4958 .4926 .4894 .4861 .4829 .4797 .4765 .4733 .4700 .4668 .4636 9 .4604 .4574 .4545 .4516 .4486 .4457 .4428 .4398 .4369 .4340 .4310 .4281 10 .4252 .4225 .4198 .4171 .4145 .4118 .4091 .4064 .4037 .4011 .3984 .3957 11 .3930 .3906 .3881 .3857 .3832 .3808 .3783 .3759 .3735 .3710 .3686 .3661 12 .3637 .3614 .3592 .3569 .3547 .3525 .3502 .3480 .3457 .3435 .3413 .3390 13 .3368 .3347 .3327 .3306 .3286 .3265 .3244 .3224 .3203 .3183 .3162 .3142 14 .3121 .3102 .3083 .3065 .3046 .3027 .3008 .2989 .2970 .2951 .2932 .2914 15 .2895 .2877 .2860 .2843 .2825 .2808 .2791 .2773 .2756 .2738 .2721 .2704 16 .2686 .2670 .2654 .2639 .2623 .2607 .2591 .2575 .2559 .2543 .2527 .2511 17 .2495 .2480 .2465 .2451 .2436 .2421 .2406 .2392 .2377 .2362 .2347 .2333 18 .2318 .2304 .2291 .2277 .2264 .2250 .2236 .2223 .2209 .2196 .2182 .2169 19 .2155 .2142 .2130 .2117 .2105 .2092 .2080 .2067 .2055 .2042 .2029 .2017 20 .2004 .1993 .1981 .1969 .1958 .1946 .1935 .1923 .1911 .1900 .1888 .1877 21 .1865 .1854 .1844 .1833 .1822 .1811 .1801 .1790 .1779 .1768 .1758 .1747 22 .1736 .1726 .1716 .1706 .1696 .1686 .1677 .1667 .1657 .1647 .1637 .1627 23 .1617 .1608 .1598 .1589 .1580 .1571 .1562 .1552 .1543 .1534 .1525 .1516 24 .1506 .1498 .1489 .1481 .1472 .1464 .1455 .1446 .1438 .1429 .1421 .1412 25 .1404 .1396 .1388 .1380 .1372 .1364 .1356 .1348 .1340 .1332 .1324 .1317 26 .1309 .1301 .1294 .1287 .1279 .1272 .1264 .1257 .1250 .1242 .1235 .1228 27 .1220 .1213 .1207 .1200 .1193 .1186 .1179 .1172 .1166 .1159 .1152 .1145 28 .1138 .1132 .1125 .1119 .1113 .1106 .1100 .1094 .1087 .1081 .1075 .1068 29 .1062 .1057 .1052 .1046 .1041 .1036 .1031 .1026 .1021 .1015 .1010 .1005 30 + .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 .1000 Table #3 Lump-Sum Settlements Age Factor Age Factor 20 14.4584 66 10.4052 21 14.4415 67 10.1797 22 14.4235 68 9.9469 23 14.4043 69 9.7055 24 14.3837 70 9.4569 25 14.3616 71 9.2012 26 14.3379 72 8.9402 27 14.3124 73 8.6725 28 14.2850 74 8.3989 29 14.2556 75 8.1204 30 14.2241 76 7.8378 31 14.1905 77 7.5519 32 14.1547 78 7.2629 33 14.1169 79 6.9712 34 14.0771 80 6.6771 35 14.0351 81 6.3812 36 13.9909 82 6.0844 37 13.9441 83 5.7894 38 13.8947 84 5.4967 39 13.8423 85 5.2068 40 13.7866 86 4.9196 41 13.7273 87 4.6359 42 13.6642 88 4.3627 43 13.5971 89 4.1017 44 13.5257 90 3.8552 45 13.4499 91 3.6261 46 13.3694 92 3.4160 47 13.2840 93 3.2225 48 13.1934 94 3.0459 49 13.0971 95 2.8863 50 12.9948 96 2.7439 51 12.8861 97 2.6189 52 12.7706 98 2.5100 53 12.6497 99 2.4068 54 12.5217 100 2.3177 55 12.3863 101 2.2325 56 12.2433 102 2.1606 57 12.0937 103 2.0940 58 11.9376 104 2.0445 59 11.7734 105 2.0036 60 11.6011 106 1.9836 61 11.4206 107 1.9718 61 11.2323 108 1.9636 62 11.0364 109 1.9558 64 10.8332 110 1.9481 65 10.6232 Age Factor Age Factor 20 14.4584 66 10.4052 21 14.4415 67 10.1797 22 14.4235 68 9.9469 23 14.4043 69 9.7055 24 14.3837 70 9.4569 25 14.3616 71 9.2012 26 14.3379 72 8.9402 27 14.3124 73 8.6725 28 14.2850 74 8.3989 29 14.2556 75 8.1204 30 14.2241 76 7.8378 31 14.1905 77 7.5519 32 14.1547 78 7.2629 33 14.1169 79 6.9712 34 14.0771 80 6.6771 35 14.0351 81 6.3812 36 13.9909 82 6.0844 37 13.9441 83 5.7894 38 13.8947 84 5.4967 39 13.8423 85 5.2068 40 13.7866 86 4.9196 41 13.7273 87 4.6359 42 13.6642 88 4.3627 43 13.5971 89 4.1017 44 13.5257 90 3.8552 45 13.4499 91 3.6261 46 13.3694 92 3.4160 47 13.2840 93 3.2225 48 13.1934 94 3.0459 49 13.0971 95 2.8863 50 12.9948 96 2.7439 51 12.8861 97 2.6189 52 12.7706 98 2.5100 53 12.6497 99 2.4068 54 12.5217 100 2.3177 55 12.3863 101 2.2325 56 12.2433 102 2.1606 57 12.0937 103 2.0940 58 11.9376 104 2.0445 59 11.7734 105 2.0036 60 11.6011 106 1.9836 61 11.4206 107 1.9718 61 11.2323 108 1.9636 62 11.0364 109 1.9558 64 10.8332 110 1.9481 65 10.6232