6166-S.E AMS WM LONG 006

ESSB 6166 - S AMD to S AMD (S-2855.1) 448

    By Senators Long and Rossi

                                              NOT ADOPTED 06/08/01

    On page 4, beginning on line 30, strike "may be expended exclusively to fund any unfunded actuarial accrued liabilities of the public retirement systems under chapter 41.45 RCW, and for other one-time costs of the state" insert "shall be expended in an amount necessary to retire unfunded actuarial accrued liabilities of plan 1 of the teachers' retirement system"

C END C

EFFECT: Provides that the LEOFF surplus assets shall be expended in an amount necessary to pay the unfunded liabilities in plan 1 of the teachers' retirement system.