SENATE BILL REPORT
SB 5190
BYSenators DeJarnatt and Conner
Authorizing limited period during which elected officials may restore retirement contributions.
Senate Committee on Ways & Means
Senate Hearing Date(s):
Senate Staff:Charles Langen (786-7715)
AS OF FEBRUARY 4, 1987
BACKGROUND:
In 1986 the Legislature provided a restoration period for those members of the Public Employees' Retirement System, excluding elected officials, who had previously failed to restore their withdrawn employee contributions within the prescribed period.
SUMMARY:
Until June 30, 1988, elected officials who reenter service and fail to restore withdrawn contributions may restore these contributions, with interest.
Fiscal Note: requested