Washington § 54.04.160 Assumption of obligations of private pension plan when urban transportation system acquired.

Washington Statutes

§ 54.04.160 — Assumption of obligations of private pension plan when urban transportation system acquired.

Washington § 54.04.160

Title 54PUBLIC UTILITY DISTRICTS

Ch. 54.04GENERAL PROVISIONS

This text of Washington § 54.04.160 (Assumption of obligations of private pension plan when urban transportation system acquired.) 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 § 54.04.160 (2026).

Text

Any municipal corporation which has heretofore or shall hereafter acquire from a private owner any urban transportation system which at the time of such acquisition has or had in effect any pension or retirement system for its employees, shall assume all such obligations with respect to continued contributions to and/or administration of, such retirement system, as the private owner bore or shall bear at such time, insofar as shall be necessary to discharge accrued obligations under such retirement system to beneficiaries who are not thereafter made members of a municipal or state retirement system.

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Any municipal corporation which has heretofore or shall hereafter acquire from a private owner any urban transportation system which at the time of such acquisition has or had in effect any pension or retirement system for its employees, shall assume all such obligations with respect to continued contributions to and/or administration of, such retirement system, as the private owner bore or shall bear at such time, insofar as shall be necessary to discharge accrued obligations under such retirement system to beneficiaries who are not thereafter made members of a municipal or state retirement system.