2459-S AMH SOMM PRIN 025

SHB 2459 - H AMD

By Representative H. Sommers

   On page 186, after line 12, insert the following:

   "Sec. 717. 2003 1st sp.s. c 25 s 710 (uncodified) is amended to read as follows:

  FOR THE DEPARTMENT OF RETIREMENT SYSTEMS--CONTRIBUTIONS TO RETIREMENT SYSTEMS. The appropriations in this section are subject to the following conditions and limitations: The appropriations for the law enforcement officers' and firefighters' retirement system shall be made on a monthly basis beginning July 1, 2003, consistent with chapter 41.45 RCW, and the appropriations for the judges and judicial retirement systems shall be made on a quarterly basis consistent with chapters 2.10 and 2.12 RCW.

   (1) There is appropriated for state contributions to the law enforcement officers' and fire fighters' retirement system:

General Fund--State Appropriation (FY 2004). . . .(($21,256,000))

$20,256,000

General Fund--State Appropriation (FY 2005). . . .(($20,914,000))

$21,414,000

   (2) There is appropriated for contributions to the judicial retirement system:

General Fund--State Appropriation (FY 2004). . . . . .$6,000,000

General Fund--State Appropriation (FY 2005). . . . . .$6,000,000

   (3) There is appropriated for contributions to the judges retirement system:

General Fund--State Appropriation (FY 2004). . . . . . . $500,000

General Fund--State Appropriation (FY 2005). . . . . . . $500,000

         TOTAL APPROPRIATION. . . . . . . . . . (($55,170,000))

$54,670,000"

EFFECT: Makes a technical correction for an inadvertly omitted adjustment to the appropriations made for contributions to the law enforcement officers' and fire fighters' retirement system. The adjustment is for lower than projected contribution requirements for FY 2004 and higher than projected requirements for FY 2005 than was forecasted in the 2003-05 biennial budget.

FISCAL IMPACT:

Reduces General Fund-State (FY 2004) by $1,000,000

   Increases General Fund-State (FY 2005) by $500,000.