Definitions—"E" through "M"
Seattle Mun. Code § 4.36.050
in effect4.36.050 - Definitions—"E" through "M"
Unless a different meaning is plainly required by the context, the terms used in this Chapter 4.36 shall have the following meanings:
"Employee" means all officers and employees of the City and of the Seattle Public Library eligible to membership in the retirement system pursuant to law. The term "employee" does not include an officer or employee of a City contractor, whether or not the contractor is providing mandatory or discretionary governmental services, and whether or not the contractor is a for-profit or non-profit entity.
"Final compensation" for Plan 1 members means the average annual compensation earned during a member's 52 highest consecutive biweekly pay periods prior to termination of employment with the City. "Final compensation" for Plan 2 members means the average annual compensation earned during a member's 130 highest consecutive biweekly pay periods prior to termination of employment with the City. However, for Plan 2 members only, the member's highest consecutive biweekly pay periods shall include biweekly pay periods in which the member is on leave from work (so long as such leave does not constitute a break in the member's continuous service), regardless of whether compensation is earned during such periods.
"Fiscal year" means any year commencing with January 1 and ending with December 31 next following.
"Funding Ratio" means the ratio of the actuarial value of assets over the actuarial accrued liabilities as determined by an actuarial valuation ordered by the Retirement Board.
"Indexed benefit" means the initial benefit payable on behalf of a member, adjusted for inflation in an amount equal to the ratio of the June Seattle-Tacoma-Bremerton ("STB") Consumer Price Index for Urban Wage Earners and Clerical Workers ("CPI-W") for the current year over the STB CPI-W for the first half of the calendar year in which a benefit payable on behalf of a member was first paid. If the benefit was first paid during a year in which this index did not exist, the Board shall establish a similar index value to represent the June index value based on published Consumer Price Index information for the Seattle area.
"Initial benefit" means the retirement benefit as calculated to be effective on the date of the member's retirement. It takes into account any reductions based on options selected by the member under Section 4.36.610. It shall also mean payments of accumulated contributions made under subsection 4.36.680.B, and payments received by a beneficiary as a result of an option selected under Section 4.36.610.
"Member" means any person included in the retirement system as provided in Sections 4.36.525 through 4.36.535.
"Membership date" means the earliest date that an officer or employee became a member of the retirement system and for which the member has retained creditable service under Sections 4.36.525 through 4.36.535 and Sections 4.36.567 through 4.36.575.
(Ord. 125109, § 6, 2016; Ord. 124575, § 2, 2014; Ord. 124574, § 3, 2014; Ord. 123871, § 4, 2012; Ord. 121366 § 2, 2003; Ord. 120656, § 2, 2001; Ord. 120358, § 1, 2001; Ord. 119275 § 3, 1998; Ord. 119220 § 2, 1998; Ord. 107228 § 1(part), 1978; Ord. 104572 § 1(part), 1975; Ord. 104156 § 1(part), 1974; Ord. 103175 § 1(part), 1974; Ord. 99566 § 1, 1970; Ord. 94354, § 1, 1965; Ord. 89073, § 1, 1960; Ord. 88897, § 1, 1960; Ord. 81521, § 1, 1952; Ord. 78444 § 2(b), (c), (m) and (w), 1949.)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT4PE_CH4.36CIEMRESY_4.36.050DEETHMFetched: 11/1/2026