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of the Public Employees' Retirement System, excluding elected officials, who had previously failed to restore their withdrawn employee contributions within the prescribed period.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Until June 30, 1988, elected officials who reenter service and fail to restore withdrawn contributions may restore these contributions, with interest.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