H-2140.1  _______________________________________________

                          HOUSE BILL 2062

          _______________________________________________

State of Washington      54th Legislature     1995 Regular Session

By Representative Patterson

Read first time 03/01/95.  Referred to Committee on Appropriations.

Making retirement system contributions for certain law enforcement officers.

    AN ACT Relating to retirement system contributions by port districts and institutions of higher education; and amending RCW 41.26.450.

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

    Sec. 1.  RCW 41.26.450 and 1993 c 502 s 2 are each amended to read as follows:

    The required contribution rates to the plan II system for members, employers, and the state of Washington shall be established by the director from time to time as may be necessary upon the advice of the state actuary.  The state actuary shall use the aggregate actuarial cost method to calculate contribution rates.

    The member, the employer and the state shall each contribute the following shares of the cost of the retirement system:

    Member                      50%

    Employer                    30%

    State                       20%

    ((However, port districts established under Title 53 RCW and institutions of higher education as defined in RCW 28B.10.016 shall contribute both the employer and state shares of the cost of the retirement system for any of their employees who are law enforcement officers.))

    Effective January 1, 1987, however, no member or employer contributions are required for any calendar month in which the member is not granted service credit.

    Any adjustments in contribution rates required from time to time for future costs shall likewise be shared proportionally by the members, employers, and the state.

    Any increase in the contribution rate required as the result of a failure of the state or of an employer to make any contribution required by this section shall be borne in full by the state or by that employer not making the contribution.

    The director shall notify all employers of any pending adjustment in the required contribution rate and such increase shall be announced at least thirty days prior to the effective date of the change.

    Members' contributions required by this section shall be deducted from the members basic salary each payroll period.  The members contribution and the employers contribution shall be remitted directly to the department within fifteen days following the end of the calendar month during which the payroll period ends.  The state's contribution required by this section shall be transferred to the plan II fund from the total contributions transferred by the state treasurer under RCW 41.45.060 and 41.45.070.

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