H-1856.1  _______________________________________________

                          HOUSE BILL 1985

          _______________________________________________

State of Washington      54th Legislature     1995 Regular Session

By Representative Brumsickle

Read first time 02/20/95.  Referred to Committee on Appropriations.

Limiting public retirement portability benefits.

    AN ACT Relating to public retirement portability benefits; and amending RCW 41.54.070.

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

    Sec. 1.  RCW 41.54.070 and 1988 c 195 s 4 are each amended to read as follows:

    The benefit granted by this chapter shall not result in a total benefit less than would have been received absent such benefit.  ((The total sum of the retirement allowances received under this chapter shall not exceed the smallest amount the dual member would receive if all the service had been rendered in any one system.)) If a dual member retires from one or more systems that limit the maximum percentage of final compensation that can be paid as a benefit, the total sum of the retirement allowances received under this chapter shall not exceed the lowest percentage limit imposed by the system or systems.  When calculating the maximum benefit a dual member would receive:  (1) Military service granted under RCW 41.40.170(3) or 43.43.260 shall be based only on service accrued under chapter 41.40 or 43.43 RCW, respectively; and (2) the calculation shall be made assuming that the dual member did not defer any allowances pursuant to RCW 41.54.030(3).  When a dual member's combined retirement allowances would exceed the limitation imposed by this section, the allowances shall be reduced by the systems on a proportional basis, according to service.

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