Z-1177.2  _______________________________________________

                         SENATE BILL 6376

          _______________________________________________

State of Washington   57th Legislature        2002 Regular Session

By Senators Regala, Winsley, Fraser, Carlson, Jacobsen, Rasmussen, Kastama and Oke; by request of Joint Committee on Pension Policy

Read first time 01/16/2002.  Referred to Committee on Ways & Means.

Allowing the transfer of seasonal and military leave of absence employees to the public employees' retirement system plan 3.

    AN ACT Relating to the transfer of seasonal and military leave of absence employees to the public employees' retirement system plan 3; and creating a new section.

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

NEW SECTION. Sec. 1.  The department of retirement systems is authorized to adopt rules to permit the transfer from plan 2 to plan 3 of the public employees' retirement system for:

    (1) Seasonal career employees.  Members of plan 2 who have been employed by an employer on a seasonal career basis for four consecutive seasons of employment with an employer prior to June 1, 2003, are eligible to transfer to plan 3 and receive the additional transfer payment applicable for their employer under RCW 41.40.795 if they apply to transfer to plan 3 in any month that service credit is earned between March 1, 2002, and March 1, 2003;

    (2) Employees on military leave of absence.  A member of plan 2 who is on a military leave of absence during the transfer window applicable for their employer under RCW 41.40.795 or during February 2003 is eligible to transfer to plan 3 and receive the additional transfer payment if they elect during a six-month period following the end of their leave to transfer and purchase service credit for their military leave for at least one month during their transfer window and for the month of February 2003 according to the terms of RCW 41.40.710.

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