| Passed by the Senate March 8, 2012 YEAS 49 ________________________________________ President of the Senate Passed by the House March 8, 2012 YEAS 96 ________________________________________ Speaker of the House of Representatives | I, Thomas Hoemann, Secretary of the Senate of the State of Washington, do hereby certify that the attached is SENATE BILL 5950 as passed by the Senate and the House of Representatives on the dates hereon set forth. ________________________________________ Secretary | |
| Approved ________________________________________ Governor of the State of Washington | Secretary of State State of Washington |
| State of Washington | 62nd Legislature | 2012 Regular Session |
Read first time 04/15/11. Referred to Committee on Ways & Means.
AN ACT Relating to nonstate pension plans offered by towns; and amending RCW 35.27.130.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1 RCW 35.27.130 and 1993 c 47 s 3 are each amended to read
as follows:
The mayor and members of the town council may be reimbursed for
actual expenses incurred in the discharge of their official duties upon
presentation of a claim therefor and its allowance and approval by
resolution of the town council. The mayor and members of the council
may also receive such salary as the council may fix by ordinance.
The treasurer and treasurer-clerk shall severally receive at stated
times a compensation to be fixed by ordinance.
The compensation of all other officers and employees shall be fixed
from time to time by the council.
Any town that provides a pension for any of its employees under a
plan not administered by the state must notify the state auditor of the
existence of the plan at the time of an audit of the town by the
auditor. No town may establish a pension plan for its employees that
is not administered by the state, ((except that any)) with the
following exceptions:
(1) Participation in a defined contribution plan in existence as of
January 1, 1990, is deemed to have been authorized. No town that
provides a defined contribution plan for its employees as authorized by
this section may make any material changes in the terms or conditions
of the plan after June 7, 1990.
(2) Participation in a defined benefit pension plan that commenced
prior to January 1, 1999, is authorized to continue. No town that
commenced participation in a defined benefit pension plan that is not
administered by the state may make any material changes in the terms or
conditions of the plan after June 7, 1999.