1934 AMH SOMM REIB 2

HB 1934 ‑ H AMD 429 ADOPTED 3/15/95

By Representative Sommers and others

     On page 2, beginning on line 7, insert the following:

     "NEW SECTION. Sec. 2.  A new section is added to chapter 28B.10 to read as follows:

     (1) Any employee who is on leave of absence from an institution in order to serve as a state legislator may elect to continue to participate in any annuity or retirement plan authorized under RCW 28B.10.400 during the period of such leave. 

     (2)  The institution shall pay the employee's salary attributable to legislative service and shall pay employer contributions based on the salary for the leave period.  The state legislature shall reimburse the institution for the salary and employer contributions covering the leave period.

     (3) "Institution" for purposes of this section shall mean any institution or entity authorized to provide retirement benefits under RCW 28B.10.400.

     Correct title accordingly.

EFFECT:  Legislators who are employees of higher education institutions can have retirement contributions made to TIAA/CREF based on legislative salary.  The institution will pay the legislative salary and receive reimbursement from the legislature.