Washington Self-Insurer's Pension Bond is a type of surety bond that is required of employers who are self-insured for their employees' pensions in the state of Washington. This bond guarantees that the employer will make all necessary contributions to the pension fund in accordance with their pension plan. There are two types of Washington Self-Insurer's Pension Bonds: the Retirement and Indemnity Bond and the Pension Plan Bond. The Retirement and Indemnity Bond is used to guarantee payments to the pension fund in the event of the employer's death or incapacity. The Pension Plan Bond is used to guarantee the payment of claims, including those made by the employer's creditors, in the event of the employer's insolvency or bankruptcy. Both bonds are issued by surety bond companies and are subject to underwriting review.
Washington Self-Insurer's Pension Bond
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