2604-S AMS WM S4846.1

SHB 2604 - S COMM AMD

By Committee on Ways & Means

                                                    ADOPTED 3/1/00

    On page 6, after line 25, insert the following:

    "NEW SECTION. Sec. 3.  No later than July 1, 2000, the department of retirement systems shall allow a member who:  (1) Has attained ninety years of age, and (2) elected to receive a reduced retirement allowance under RCW 41.32.530 and designated a nonspouse as survivor beneficiary, the opportunity to remove the survivor designation and have their future benefit adjusted."

    Renumber the remaining sections consecutively and correct any internal references accordingly.

SHB 2604 - S COMM AMD

By Committee on Ways & Means

                                                    ADOPTED 3/1/00

    On page 1, line 3 of the title, after "41.40.660;" insert "creating a new section;"

EFFECT:  Instructs the department to allow members who are ninety years of age and older to remove the survivor designation from a beneficiary if the beneficiary was a nonspouse when designated.  When the survivor designation is removed, the member's future benefit is adjusted.

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