H-2464.2  _______________________________________________

                          HOUSE BILL 2281

          _______________________________________________

State of Washington      56th Legislature     1999 Regular Session

By Representatives Huff, H. Sommers, Benson and D. Sommers

Read first time 04/02/1999.  Referred to Committee on Appropriations.

Establishing an effective date for a zero state or employer pension contribution rate.

    AN ACT Relating to the effective dates of state and employer pension contribution rates adopted by the pension funding council under RCW 41.45.060; and adding a new section to chapter 41.45 RCW.

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

NEW SECTION. Sec. 1.  A new section is added to chapter 41.45 RCW to read as follows:

    If the basic rates adopted by the pension funding council pursuant to RCW 41.45.060 include a zero state or employer contribution rate to a retirement plan, consistent with the most current actuarial valuation results, the zero state or employer contribution rate shall be effective July 1st of the ensuing biennium.

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