S-1277.1  _______________________________________________

 

                         SENATE BILL 5854

          _______________________________________________

 

State of Washington      57th Legislature     2001 Regular Session

 

By Senators T. Sheldon and Swecker

 

Read first time 02/06/2001.  Referred to Committee on Ways & Means.

Making annual increases in retirement allowances.


    AN ACT Relating to annual increases in retirement allowances; and amending RCW 41.40.197 and 41.32.489.

 

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

 

    Sec. 1.  RCW 41.40.197 and 1995 c 345 s 5 are each amended to read as follows:

    (1) Beginning July 1, 1995, and annually thereafter, the retirement allowance of a person meeting the requirements of this section shall be increased by the annual increase amount.

    (2) The following persons shall be eligible for the benefit provided in subsection (1) of this section:

    (a) A beneficiary who has received a retirement allowance for at least one year ((and has attained at least age sixty-six by July 1st in the calendar year in which the annual increase is given)) by July 1st in the calendar year in which the annual increase is given; or

    (b) A beneficiary whose retirement allowance is lower than the minimum benefit provided under RCW 41.40.1984.

    (3) The following persons shall also be eligible for the benefit provided in subsection (1) of this section:

    (a) A beneficiary receiving the minimum benefit on June 30, 1995, under RCW 41.40.198; or

    (b) A recipient of a survivor benefit on June 30, 1995, which has been increased by RCW 41.40.325.

    (4) If otherwise eligible, those receiving an annual adjustment under RCW 41.40.188(1)(c) shall be eligible for the annual increase adjustment in addition to the benefit that would have been received absent this section.

    (5) Those receiving a benefit under RCW 41.40.220(1), or a survivor of a disabled member under RCW 41.44.170(5) shall be eligible for the benefit provided by this section.

    (6) The legislature reserves the right to amend or repeal this section in the future and no member or beneficiary has a contractual right to receive this postretirement adjustment not granted prior to that time.

 

    Sec. 2.  RCW 41.32.489 and 1995 c 345 s 2 are each amended to read as follows:

    (1) Beginning July 1, 1995, and annually thereafter, the retirement allowance of a person meeting the requirements of this section shall be increased by the annual increase amount.

    (2) The following persons shall be eligible for the benefit provided in subsection (1) of this section:

    (a) A beneficiary who has received a retirement allowance for at least one year ((and has attained at least age sixty-six by July 1st in the calendar year in which the annual increase is given)) by July 1st in the calendar year in which the annual increase is given; or

    (b) A beneficiary whose retirement allowance is lower than the minimum benefit provided under RCW 41.32.4851.

    (3) The following persons shall also be eligible for the benefit provided in subsection (1) of this section:

    (a) A beneficiary receiving the minimum benefit on June 30, 1995, under RCW 41.32.485; or

    (b) A recipient of a survivor benefit on June 30, 1995, which has been increased by RCW 41.32.575.

    (4) If otherwise eligible, those receiving an annual adjustment under RCW 41.32.530(1)(d) shall be eligible for the annual increase adjustment in addition to the benefit that would have been received absent this section.

    (5) Those receiving a temporary disability benefit under RCW 41.32.540 shall not be eligible for the benefit provided by this section.

    (6) The legislature reserves the right to amend or repeal this section in the future and no member or beneficiary has a contractual right to receive this postretirement adjustment not granted prior to that time.

 


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