Washington Administrative Code
Title 415 - Retirement Systems, Department of
Chapter 415-501 - Deferred compensation plan
NONASSIGNABILITY CLAUSE
Section 415-501-570 - May I transfer or assign my accumulated deferrals?

Universal Citation: WA Admin Code 415-501-570
Current through Register Vol. 24-18, September 15, 2024

Neither you, your beneficiaries, nor any other designee, has any right to sell, assign, transfer, commute, or otherwise convey the right to receive any distributions under the plan. These distributions and right thereto are nonassignable and nontransferable. Unpaid accumulated deferrals are not subject to attachment, garnishment, or execution and are not transferable by operation of law in event of bankruptcy or insolvency, except to the extent otherwise required by law. In the event of any attempt to assign or transfer, the state investment board and the department will have no liability.

Statutory Authority: RCW 41.50.050(5), 41.50.780(10), and 41.50.770. 04-22-053, §415-501-570, filed 10/29/04, effective 11/29/04. Statutory Authority: RCW 41.50.770,[41.50.]780 and 41.50.050. 00-11-104, amended and recodified as §415-501-570, filed 5/18/00, effective 6/18/00. Statutory Authority: RCW 41.50.050. 98-20-047, § 415-544-010, filed 9/30/98, effective 10/31/98. Statutory Authority: RCW 41.50.050 and 41.50.780(11). 96-16-020, § 415-544-010, filed 7/29/96, effective 7/29/96.

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