1981-S AMH SEAQ PRIN 353

SHB 1981 - H AMD 709

By Representative Seaquist

WITHDRAWN 05/02/2011

    On page 2, line 23, after "section." insert "Boards may offer participation to such other employees exempt from chapter 41.06 RCW who have previously made contributions to a plan qualified for preferential tax treatment under section 403(b) of the federal internal revenue code."

    On page 3, line 4, after "persons" strike "who are employed by a higher education institution and"

    On page 3, line 9, after "persons" strike "who are employed by a higher education institution and"

    On page 4, line 18, after "means" strike "institutional"

    On page 4, line 20, after "divisions" strike "who hold concurrent faculty appointment with rank" and insert "who either hold concurrent faculty appointment with rank, or are employed by the state board for community and technical colleges or the higher education coordinating board"

    On page 8, line 5, after "salary." insert "The state board for community and technical colleges and the higher education coordinating board are exempt from the provisions of this subsection (2)."

EFFECT:   Permits the boards of state higher education institutions to offer the Higher Education Retirement Plan (HERP) to any new civil service-exempt employees if they previously made contributions to a plan qualified for preferential tax treatment under the section 403(b) of the federal internal revenue code.

Permits the State Board for Community and Technical Colleges (SBCTC) and the Higher Education Coordinating Board (HECB) to continue to offer the HERP Supplemental Benefits to employees who entered the HERP prior to July 1, 2011, by removing a restriction limiting this to only higher education institutions.

Changes the definition of "senior academic administrator" by removing a reference to "institutional" administrators, permitting senior administrators at the SBCTC and the HECB to participate as they are not employed by higher education institutions, and eliminates the requirement that new senior academic administrators hold concurrent faculty appointment with rank in order to be enrolled in the HERP if employed by the SBCTC or the HECB.

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