SENATE BILL REPORT

SSB 5512

BYSenate Committee on Ways & Means (originally sponsored by Senators Gaspard and Johnson; by request of Department of Retirement Systems)

Revising provisions relating to service credit under the public employees retirement system.

Senate Committee on Ways & Means

Senate Hearing Date(s):February 9, 1987; February 10, 1987

Majority Report:  That Substitute Senate Bill No. 5512 be substituted therefor, and the substitute bill do pass.

      Signed by Senators McDermott, Chairman; Gaspard, Vice Chairman; Bauer, Bluechel, Kreidler, McDonald, Owen, Saling, Warnke, Williams, Wojahn, Zimmerman.

Senate Staff:Charles Langen (786-7715)

                  April 18, 1987

AS PASSED SENATE, FEBRUARY 25, 1987

BACKGROUND:

In addition to other eligibility criteria, the Public Employees' Retirement System (PERS) provides that a retiree who returns to employment and membership in PERS, Tier I, must work two years before any service credit may granted.

SUMMARY:

A retiree from PERS who returns to employment and membership in PERS, Tier I, shall be granted service credit immediately if all other eligibility criteria are met.

Language is clarified regarding certain individuals who are now in or would be in PERS II, who were eligible to become members of PERS I.

Fiscal Note:      requested

Effective Date:July 1, 1987

Senate Committee - Testified: Dr. Robert Hollister, Director, Department of Retirement Systems

HOUSE AMENDMENT:

The House amendment is essentially the same as the Senate bill.  The one exception is an amendatory change to a section correcting an improper RCW reference.