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SENATE
BILL 6379
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Passed
Legislature - 2002 Regular Session
State of Washington 57th
Legislature 2002 Regular Session
By
Read
first time 01/16/2002. Referred to Committee on Ways & Means.
Transferring service credit and contributions into the
Washington state patrol retirement system.
AN
ACT Relating to transferring service credit and contributions into the
Washington state patrol retirement system by members who served as commercial
vehicle enforcement officers and who became commissioned officers in the
Washington state patrol after July 1, 2000, and prior to June 30, 2001; and
adding a new section to chapter 41.40 RCW.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW
SECTION. Sec. 1. A
new section is added to chapter 41.40 RCW to read as follows:
(1)
Active members of the Washington state patrol retirement system who have
previously established service credit in the public employees' retirement
system plan 2 while employed in the state patrol as a commercial vehicle
enforcement officer, and who became a commissioned officer after July 1, 2000,
and prior to June 30, 2001, have the following options:
(a)
Remain a member of the public employees' retirement system; or
(b)
Transfer service credit earned under the retirement system as a commercial
vehicle enforcement officer to the Washington state patrol retirement system by
making an irrevocable choice filed in writing with the department of retirement
systems within one year of the department's announcement of the ability to make
such a transfer.
(2)(a)
Any commissioned officer choosing to transfer under this section shall have
transferred from the retirement system to the Washington state patrol
retirement system:
(i)
All the employee's applicable accumulated contributions plus interest, and an
equal amount of employer contributions attributed to such employee; and
(ii)
All applicable months of service as a commercial vehicle enforcement officer
credited to the employee under this chapter as though that service was rendered
as a member of the Washington state patrol retirement system.
(b)
For the applicable period of service, the employee shall pay: (i) The
difference between the contributions the employee paid to the retirement
system, and the contributions which would have been paid by the employee had
the employee been a member of the Washington state patrol retirement system,
plus interest as determined by the director. This payment shall be made no
later than December 31, 2010, or the date of retirement, whichever comes first;
(ii)
The difference between the employer contributions paid to the public employees'
retirement system, and the employer contributions which would have been payable
to the Washington state patrol retirement system; and
(iii)
An amount sufficient to ensure that the funding status of the Washington state
patrol retirement system will not change due to this transfer.
(c)
If the payment required by this subsection is not paid in full by the deadline,
the transferred service credit shall not be used to determine eligibility for
benefits nor to calculate benefits under the Washington state patrol retirement
system. In such case, the additional employee and employer contributions
transferred under this subsection, and any payments made under this subsection,
shall be refunded to the employee, and the employer shall be entitled to a
credit for the payments made under (a) of this subsection.
(d)
An individual who transfers service credit and contributions under this
subsection is permanently excluded from the public employees' retirement system
for all service as a commercial vehicle enforcement officer.
Passed the Senate February 15, 2002.
Passed the House March 8, 2002.
Approved by the Governor
March 29, 2002.
Filed
in Office of Secretary of State March 29, 2002.
