CERTIFICATION OF ENROLLMENT

                        HOUSE BILL 1297

                   Chapter 145, Laws of 1995

                        54th Legislature

                      1995 Regular Session

       STATE RETIREMENT SYSTEMS BENEFITS‑-COMPLIANCE WITH

             FEDERAL LIMITS ON MAXIMUM COMPENSATION

                    EFFECTIVE DATE:  7/23/95

Passed by the House March 8, 1995   Yeas 96   Nays 0 CLYDE BALLARD 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.

JOEL PRITCHARD President of the Senate

TIMOTHY A. MARTIN                           Chief Clerk

Approved April 27, 1995 Place Style On Codes above, and Style Off Codes below.

FILED                      April 27, 1995 - 1:12 p.m.

MIKE LOWRY 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.

    Passed the House March 8, 1995.

    Passed the Senate April 10, 1995.

Approved by the Governor April 27, 1995.

    Filed in Office of Secretary of State April 27, 1995.