FINAL BILL REPORT
SB 5305
This analysis was prepared by non-partisan legislative staff for the use of legislative members in their deliberations. This analysis is not a part of the legislation nor does it constitute a statement of legislative intent. |
C 110 L 09
Synopsis as Enacted
Brief Description: Repealing certain obsolete state retirement system statutes.
Sponsors: Senators Schoesler, Fraser, Holmquist and Parlette; by request of Select Committee on Pension Policy.
Senate Committee on Ways & Means
House Committee on Ways & Means
Background: The Teachers' Retirement System provides pension benefits for teachers and administrators employed by a school district or educational service district.
Summary: Two sections of statute governing contributions to the disability reserve fund and the death benefit fund of Teachers' Retirement System Plan 1 are repealed. The statutes repealed are obsolete because death and disability benefits have been paid for from the main pension reserve fund since 1992.
Votes on Final Passage:
Senate | 45 | 0 | |
House | 98 | 0 |
Effective: July 26, 2009