HB 2084 - DIGEST

     Provides that, beginning January 1, 2003, and on January 1st of odd-numbered years thereafter, the gain-sharing increase amount, if any, shall be used to provide a lump sum payment to each plan 1 retiree under chapters 41.32 and 41.40 RCW.

     Directs the department to calculate the amount of each payment in accordance with the designated formula.