{"data":{"id":"us-wa/rcw-41.26.705","jurisdiction":"us-wa","citation":"RCW 41.26.705","heading":"Intent—2003 c 2.","body":"It is the intent of chapter 2, Laws of 2003 to:\n(1) Establish a board of trustees responsible for the adoption of actuarial standards to be applied to the plan;\n(2) Provide for additional benefits for firefighters and law enforcement officers subject to the cost limitations provided for in chapter 2, Laws of 2003;\n(3) Exercise fiduciary responsibility in the oversight of those pension management functions assigned to the board;\n(4) Provide effective monitoring of the plan by providing an annual report to the legislature, to the members and beneficiaries of the plan, and to the public;\n(5) Establish contribution rates for employees, employers, and the state of Washington that will guaranty viability of the plan, subject to the limitations provided for in chapter 2, Laws of 2003;\n(6) Provide for an annual budget and to pay costs from the trust, as part of the normal cost of the plan; and\n(7) Enable the board of trustees to retain professional and technical advisors as necessary for the fulfillment of their statutory responsibilities.","path":["Title 41","Chapter 41.26"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=41.26.705","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T02:43:07Z","sha256":"ba89870e25627edfd6b7bf59c19062c346f476192ffb0c18f9035e9c70b8266e","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-41.26.700","next":"us-wa/rcw-41.26.710"},"notice":"GroundRules: Original legal text. Not legal advice."}