Washington Statutes

§ 28A.400.240 — Deferred compensation plan for school district or educational service district employees—Limitations.

Washington § 28A.400.240
JurisdictionWashington
Title 28ACOMMON SCHOOL PROVISIONS
Ch. 28A.400EMPLOYEES

This text of Washington § 28A.400.240 (Deferred compensation plan for school district or educational service district employees—Limitations.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Wash. Rev. Code § 28A.400.240 (2026).

Text

In addition to any other powers and duties, any school district or educational service district may contract with any classified or certificated employee to defer a portion of that employee's income, which deferred portion shall in no event exceed the appropriate internal revenue service exclusion allowance for such plans, and shall subsequently with the consent of the employee, deposit or invest in a credit union, savings and loan association, bank, mutual savings bank, or purchase life insurance, shares of an investment company, or a fixed and/or variable annuity contract, for the purpose of funding a deferred compensation program for the employee, from any life underwriter or registered representative duly licensed by this state who represents an insurance company or an investment compa

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Legislative History

[2001 c 266 s 1;1975 1st ex.s. c 205 s 1;1974 ex.s. c 11 s 1. Formerly RCW28A.58.740.]

Nearby Sections

15
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Bluebook (online)
Washington § 28A.400.240, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/28A.400.240.