FINAL BILL REPORT

HB 2503

                                   C 80 L 90

BYRepresentatives Vekich, Walker, R. King and Winsley; by request of Department of Labor and Industries

Allowing supplemental pension funds to be invested.

House Committe on Commerce & Labor

Senate Committee on Ways & Means

SYNOPSIS AS ENACTED

BACKGROUND:

The State Investment Board has statutory authority to invest certain industrial insurance trust funds:  the accident fund, the medical aid fund, and the reserve fund.  The supplemental pension fund is invested by the state treasurer's office.

SUMMARY:

The State Investment Board's authority to invest industrial insurance trust funds is amended to include the supplemental pension fund.

VOTES ON FINAL PASSAGE:

      House 97   0

      Senate    45     0 (Senate amended)

      House 94   0 (House concurred)

EFFECTIVE:March 15, 1990