H-4102              _______________________________________________

                                           HOUSE JOINT RESOLUTION NO. 57

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State of Washington                              49th Legislature                              1986 Regular Session

By Representatives Grimm, Tilly, Sommers and Long

Read first time 1/23/86 and referred to Committee on Ways & Means.

BE IT RESOLVED, BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE STATE OF WASHINGTON, IN LEGISLATIVE SESSION ASSEMBLED:

          THAT, At the next general election to be held in this state there shall be submitted to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article XXIX of the Constitution of the state of Washington, by adding a new section to read as follows:

Article XXIX, section ....     No statute which grants an increase in benefits to members or beneficiaries of a public retirement system funded by the state shall be effective unless it includes an appropriation or employee contribution increase sufficient to fund the actuarial present value of the increase in fully projected benefits.  This section does not apply to retirement system plans in which employees contribute fifty percent or more of the costs of the retirement system plan.

BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of the foregoing constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.