SENATE BILL REPORT

SB 5512

BYSenators 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)

                  February 11, 1987

AS REPORTED BY COMMITTEE ON WAYS & MEANS, FEBRUARY 10, 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.

EFFECT OF PROPOSED SUBSTITUTE:

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