5510-S AAS 3/15/93
SSB 5510 - S AMD
By Senator Jesernig
Adopted 3/15/93
On page 1, after line 13, insert the following:
"Sec. 2. RCW 41.40.058 and 1987 c 417 s 1 are each amended to read as follows:
(1) Any person who was a member of the state-wide city employees' retirement system governed by chapter 41.44 RCW and who also became a member of the public employees' retirement system on or before July 26, 1987, may, in a writing filed with the director, elect to:
(a) Transfer to the public employees' retirement system all service currently credited under chapter 41.44 RCW;
(b) Reestablish and transfer to the public employees' retirement system all service which was previously credited under chapter 41.44 RCW but which was canceled by discontinuance of service and withdrawal of accumulated contributions as provided in RCW 41.44.190. The service may be reestablished and transferred only upon payment by the member to the employees' savings fund of the public employees' retirement system of the amount withdrawn plus interest thereon from the date of withdrawal until the date of payment at a rate determined by the director. No additional payments are required for service credit described in this subsection if already established under this chapter; and
(c) Establish service
credit for the initial period of employment not to exceed six months, prior to
establishing membership under chapter 41.44 RCW, upon payment in full by the
member of the total employer's contribution to the benefit account fund of the
public employees' retirement system that would have been made under this
chapter when the initial service was rendered. The payment shall be based on
the first month's compensation earnable as a member of the state-wide city
employees' retirement system and as defined in RCW 41.44.030(13). However, a
person who has established service credit under RCW 41.40.010(((11)))(13)
(c) or (d) shall not establish additional credit under this subsection nor may
anyone who establishes credit under this subsection establish any additional
credit under RCW 41.40.010(((11)))(13) (c) or (d). No additional
payments are required for service credit described in this subsection if
already established under this chapter.
(2)(a) In the case of a
member of the public employees' retirement system who is employed by an
employer on July 26, 1987, the written election required by subsection (1) of
this section must be filed and the payments required by subsection (1)(b) and
(c) of this section must be completed ((in full within one year after July
26, 1987)) by December 31, 1993.
(b) In the case of a former member of the public employees' retirement system who is not employed by an employer on July 26, 1987, the written election must be filed and the payments must be completed in full within one year after reemployment by an employer.
(c) In the case of a
retiree receiving a retirement allowance from the public employees' retirement
system on July 26, 1987, or any person having vested rights as described in RCW
41.40.150 (((3) or (5))) (4), the written election may be filed
and the payments may be completed at any time.
(3) Upon receipt of the written election and payments required by subsection (1) of this section from any retiree described in subsection (2)(c) of this section, the department shall recompute the retiree's allowance in accordance with this section and shall pay any additional benefit resulting from such recomputation retroactively to the date of retirement from the system governed by this chapter."
SSB 5510 - S AMD
By Senator Jesernig
Adopted 3/15/93
On page 1, line 1 of the title, after "retirement;" insert "amending RCW 41.40.058;"
SSB 5510 - S AMD
By Senator Niemi
Adopted 3/15/93
On page 1, after line 13, insert the following:
"NEW SECTION. Sec. 2. A new section is added to chapter 41.40 RCW under the subchapter heading "Plan I" to read as follows:
Any active member or separated member who was not eligible to restore contributions under section 3, chapter 317, Laws of 1986, solely because he or she was an elected official, other than an elected official under Articles II or III of the Constitution of the state of Washington, shall be permitted to restore withdrawn contributions for periods of nonelected service no later than June 30, 1994, with interest as determined by the director."
SSB 5510 - S AMD
By Senator Niemi
Adopted 3/15/93
On page 1, line 1 of the title, after "retirement;" strike the remainder of the title and insert "adding a new section to chapter 41.50 RCW; and adding a new section to chapter 41.40 RCW."
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