2643.E AAS 3/4/94 S5740.1

EHB 2643 - S AMD - 000372

By Senators Bauer and Rinehart

                                                    ADOPTED 3/4/94

    On page 1, line 19, after "retirees." insert "Sections 6 and 7 of this act create the pension improvement account in the state treasury and direct the transfer of moneys deposited in the budget stabilization account by the 1993-95 operating appropriations act, section 919, chapter 24, Laws of 1993 sp. sess., for the continuing costs of state retirement system benefits to the pension improvement account."

EHB 2643 - S AMD

By Senators Bauer and Rinehart

                                                    ADOPTED 3/4/94

    On page 18, after line 12, insert the following:

    "NEW SECTION. Sec. 6.  A new section is added to chapter 41.04 RCW to read as follows:

    The pension improvement account is created in the state treasury.  Moneys in the account may be spent only after appropriation.  Expenditures from the account may be used only for the continuing costs of any state retirement system benefits.

NEW SECTION. Sec. 7.  On July 1, 1995, the state treasurer shall transfer twenty-five million dollars from the budget stabilization account to the pension improvement account created under section 6 of this act."

EHB 2643 - S AMD

By Senators Bauer and Rinehart

                                                    ADOPTED 3/4/94

    On page 1, line 3 of the title, after "41.26 RCW;" insert "adding a new section to chapter 41.04 RCW;"

    On page 1, line 3 of the title, after "creating" strike "a new section" and insert "new sections"

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