CERTIFICATION OF ENROLLMENT

SENATE BILL 5950

Chapter 240, Laws of 2012

62nd Legislature
2012 Regular Session



TOWNS--NONSTATE PENSION PLANS



EFFECTIVE DATE: 06/07/12

Passed by the Senate March 8, 2012
  YEAS 49   NAYS 0

BRAD OWEN
________________________________________    
President of the Senate
Passed by the House March 8, 2012
  YEAS 96   NAYS 2

FRANK CHOPP
________________________________________    
Speaker of the House of Representatives


 
CERTIFICATE

I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 5950 as passed by the Senate and the House of Representatives on the dates hereon set forth.

THOMAS HOEMANN
________________________________________    
Secretary
Approved March 30, 2012, 1:15 p.m.








CHRISTINE GREGOIRE
________________________________________    
Governor of the State of Washington
 
FILED
March 30, 2012







Secretary of State
State of Washington


_____________________________________________ 

SENATE BILL 5950
_____________________________________________

AS AMENDED BY THE HOUSE

Passed Legislature - 2012 Regular Session
State of Washington62nd Legislature2012 Regular Session

By Senators Roach and Conway

Read first time 04/15/11.   Referred to Committee on Ways & Means.



     AN ACT Relating to nonstate pension plans offered by towns; and amending RCW 35.27.130.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1   RCW 35.27.130 and 1993 c 47 s 3 are each amended to read as follows:
     The mayor and members of the town council may be reimbursed for actual expenses incurred in the discharge of their official duties upon presentation of a claim therefor and its allowance and approval by resolution of the town council. The mayor and members of the council may also receive such salary as the council may fix by ordinance.
     The treasurer and treasurer-clerk shall severally receive at stated times a compensation to be fixed by ordinance.
     The compensation of all other officers and employees shall be fixed from time to time by the council.
     Any town that provides a pension for any of its employees under a plan not administered by the state must notify the state auditor of the existence of the plan at the time of an audit of the town by the auditor. No town may establish a pension plan for its employees that is not administered by the state, ((except that any)) with the following exceptions:
     (1) Participation in a
defined contribution plan in existence as of January 1, 1990, is deemed to have been authorized. No town that provides a defined contribution plan for its employees as authorized by this section may make any material changes in the terms or conditions of the plan after June 7, 1990.
     (2) Participation in a defined benefit pension plan that commenced prior to January 1, 1999, is authorized to continue. No town that commenced participation in a defined benefit pension plan that is not administered by the state may make any material changes in the terms or conditions of the plan after June 7, 1999.


         Passed by the Senate March 8, 2012.
         Passed by the House March 8, 2012.
         Approved by the Governor March 30, 2012.
         Filed in Office of Secretary of State March 30, 2012.