H-0999.1 _______________________________________________
HOUSE BILL 1790
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State of Washington 56th Legislature 1999 Regular Session
By Representative Clements
Read first time 02/05/1999. Referred to Committee on Appropriations.
AN ACT Relating to contributions to the Washington public employees' retirement system; and amending RCW 41.40.330.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 41.40.330 and 1990 c 8 s 4 are each amended to read as follows:
(1) Each employee who is a member of the retirement system shall contribute at the same rate as the employer or at six percent of his or her total compensation earnable, whichever is lower. Effective January 1, 1987, however, no contributions are required for any calendar month in which the member is not granted service credit. 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 or she 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 department, provide for himself or herself, by means of an increased rate of contribution to his or her 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 or she thereafter becomes a member of the retirement system, an amount equal to seven and one-half percent of such member's compensation earnable.
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