S-1659               _______________________________________________

                                                   SENATE BILL NO. 3879

                        _______________________________________________

State of Washington                              49th Legislature                              1985 Regular Session

By Senators Barr and Thompson

Read first time 2/8/85 and referred to Committee on Ways and Means.

AN ACT Relating to retirement from public service; amending RCW 41.40.330; and creating a new section.

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

NEW SECTION. Sec. 1.     The director of retirement systems shall review, upon petition, the retirement allowance of public employees who received the special early retirement benefit offered between April 20, 1982 and November 30, 1982, under chapter 54, Laws of 1982 1st ex. sess. and who can provide evidence that this special benefit caused their retirement before they intended or planned.  The director shall, upon adequate findings, retroactively adjust the retirement allowance to the date of documented intent or date of planned retirement, and collect in full from the employee all payments paid between the early retirement date and the documented intended or planned retirement date.

        Sec. 2.  Section 34, chapter 274, Laws of 1947 as last amended by section 12, chapter 190, Laws of 1973 1st ex. sess. and RCW 41.40.330 are each amended to read as follows:

          (1) Each employee who is a member of the retirement system shall contribute five percent of ((his total compensation earnable)) the employee's compensation for which the employee will receive service credit, and not compensation paid at retirement for which no retirement service credit is granted:  PROVIDED, HOWEVER, That a department of retirement systems expense fund contribution of two dollars and fifty cents per annum shall be transferred in semiannual payments of one dollar and twenty-five cents from each employee account balance in the employees' savings fund to the retirement expense fund account, as set forth in this section.  On and after July 1, 1973, each employee who is a member of the retirement system shall contribute six percent of his total compensation earnable.  The officer responsible for making up the payroll shall deduct from the compensation of each member, on each and every payroll of such member for each and every payroll period subsequent to the date on which he became a member of the retirement system the contribution as provided by this section.

          (2) Any member may, pursuant to regulations formulated from time to time by the board, provide for himself, by means of an increased rate of contribution to his account in the employees' savings fund, an increased prospective retirement allowance pursuant to RCW 41.40.190 and 41.40.185.

          (3) The officer responsible for making up the payroll shall deduct from the compensation of each member covered by the provisions of RCW 41.40.190(5) and 41.40.185(4) on each and every payroll of such member for each and every payroll period subsequent to the date on which he thereafter becomes a member of the retirement system, an amount equal to seven and one-half percent of such member's compensation earnable.