CERTIFICATION OF ENROLLMENT

 

                        HOUSE BILL 1297

 

 

 

 

 

 

 

                        54th Legislature

                      1995 Regular Session

Passed by the House March 8, 1995

  Yeas 96   Nays 0

 

 

 

 

Speaker of the

       House of Representatives

 

Passed by the Senate April 10, 1995

  Yeas 47   Nays 0

               CERTIFICATE

 

I, Timothy A. Martin, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1297 as passed by the House of Representatives and the Senate on the dates hereon set forth.

 

 

 

 

President of the Senate

 

                               Chief Clerk

 

 

Approved Place Style On Codes above, and Style Off Codes below.

                                     FILED

          

 

 

Governor of the State of Washington

                        Secretary of State

                       State of Washington

                  _______________________________________________

 

                                  HOUSE BILL 1297

                  _______________________________________________

 

                     Passed Legislature - 1995 Regular Session

 

State of Washington              54th Legislature             1995 Regular Session

 

By Representatives Sehlin, Sommers and Carlson; by request of Department of Retirement Systems

 

Read first time 01/20/95.  Referred to Committee on Appropriations.

 

Calculating retiree benefits.


     AN ACT Relating to complying with federal limits on the maximum compensation used to calculate state retirement system benefits; adding a new section to chapter 41.26 RCW; adding a new section to chapter 41.32 RCW; adding a new section to chapter 41.40 RCW; and adding a new section to chapter 43.43 RCW.

 

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

 

     NEW SECTION.  Sec. 1.  A new section is added to chapter 41.26 RCW under the subchapter heading "provisions applicable to plan I and plan II" to read as follows:

     (1) The annual compensation taken into account in calculating retiree benefits under this system shall not exceed the limits imposed by section 401(a)(17) of the federal internal revenue code for qualified trusts.

     (2) The department shall adopt rules as necessary to implement this section.

 

     NEW SECTION.  Sec. 2.  A new section is added to chapter 41.32 RCW under the subchapter heading "provisions applicable to plan I and plan II" to read as follows:

     (1) The annual compensation taken into account in calculating retiree benefits under this system shall not exceed the limits imposed by section 401(a)(17) of the federal internal revenue code for qualified trusts.

     (2) The department shall adopt rules as necessary to implement this section.

 

     NEW SECTION.  Sec. 3.  A new section is added to chapter 41.40 RCW under the subchapter heading "provisions applicable to plan I and plan II" to read as follows:

     (1) The annual compensation taken into account in calculating retiree benefits under this system shall not exceed the limits imposed by section 401(a)(17) of the federal internal revenue code for qualified trusts.

     (2) The department shall adopt rules as necessary to implement this section.

 

     NEW SECTION.  Sec. 4.  A new section is added to chapter 43.43 RCW to read as follows:

     (1) The annual compensation taken into account in calculating retiree benefits under this system shall not exceed the limits imposed by section 401(a)(17) of the federal internal revenue code for qualified trusts.

     (2) The department shall adopt rules as necessary to implement this section.

 

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