Sec. 23.20.020. Maintenance and protection of fund.
65 words·~1 min read·
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Sec. 23.20.020. Maintenance and protection of fund.
If possible, there shall be provided in the fund a reserve against the liability in future years to pay benefits. Whenever the department believes that a change in contribution or benefit rates is necessary to protect the solvency of the fund, it shall promptly inform the governor and the legislature, and make recommendations with respect to a change.