5510 AMH APP MCLA1

SB 5510 - H COMM AMDS  ADOPTED  03/03/92

By Committee on Appropriations

     On page 4, after line 14, insert the following:

     "NEW SECTION. Sec. 2.  The department of retirement systems shall incorporate the development of individual member accounts receivable into its information systems projects for fiscal years 1993 and 1994, so that by January 1, 1994, members of state retirement systems who are otherwise eligible to restore previously withdrawn contributions have the option to make the restoration in annual installments.

NEW SECTION. Sec. 3.   Section 1 of this act shall take effect January 1, 1994."

SB 5510 - H COMM AMD

By Committee on Appropriations

     On page 1, strike everything on line 2 of the title and insert "amending RCW 41.40.150; creating a new section; and providing an effective date."

EFFECT:  Directs DRS to develop its information systems so that by Jan. 1, 1994, retirement system members can restore withdrawn contributions in annual installments.  The section authorizing installments by PERS I members takes effect Jan. 1, 1994.