5332 - Retirement Programs Policy

Policy 5332

PERSONNEL 

Retirement Programs
Employees shall become members of the Federal Income Contribution Act (Social Security System) and the Washington State Teachers’ Retirement System or the Washington School Employees’ Retirement System as required by law.  The district shall make contributions to these retirement systems on behalf of employees according to law and shall make payroll deductions from employee wages and salaries for the employee contributions to these programs as required by law.  No contributions will be made to an employee’s retirement system for accrued vacation leave in excess of 30 days.

In the event an employee becomes disabled in the line of duty and is receiving Worker’s Compensation benefits, the district will continue to make retirement system contributions and shall collect employee contributions and pay such to the retirement system.

 

 

Legal References:       RCW   41.32                           Teachers’ Retirement
                                    RCW   41. 35                          Washington School Employees’
                                                                                                Retirement System
                                    RCW   41.50.150                    Excess Compensation—Employer liable
                                                                                                for extra retirement cost                                   

 

Adoption Date:           October 24, 2006