S-1284               _______________________________________________

                                                   SENATE BILL NO. 5946

                        _______________________________________________

State of Washington                               51st Legislature                              1989 Regular Session

By Senators Moore, McMullen and Johnson

Read first time 2/17/89 and referred to Committee on  Ways & Means.

AN ACT Relating to portability of pension benefits between the Seattle police relief and pension fund and the public employees' retirement system; adding new sections to chapter 41.40 RCW; and declaring an emergency.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 41.40 RCW to read as follows:

          Any active member of this system who has previously established five or more years service credit in the city of Seattle's police relief and pension fund system, who withdrew his or her contributions from Seattle's police relief and pension fund system prior to July 1, 1961, and who has never been a member of the law enforcement officers' and fire fighters' pension system created in chapter 41.26 RCW, may receive credit in this system for such service, subject to the terms and conditions specified in section 2 of this act.

NEW SECTION. Sec. 2.  A new section is added to chapter 41.40 RCW to read as follows:

          (1) A member who fulfills the requirements of section 1 of this act may file a written declaration no later than September 30, 1989, with the department and the Seattle police relief and pension fund system indicating the member's desire to make an irrevocable transfer of credit from the Seattle system to this system.  The member shall restore his or her contributions, with interest since the date of withdrawal as determined by the director, no later than December 31, 1989.

          (2) Upon receipt of the written declaration the Seattle police relief and pension fund system shall send the department a report of the member's service credit.  It shall also transfer to the department employer contributions in an amount equal to the cost of the benefit provided to the member pursuant to this act, as determined by the director.  The Seattle police relief and pension fund system shall send the service credit report and transfer of employer contributions within ninety days of receiving the member's written declaration.

NEW SECTION. Sec. 3.     This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately.