Passed by the House March 10, 2005 Yeas 94 Nays 0 FRANK CHOPP ________________________________________ Speaker of the House of Representatives Passed by the Senate April 5, 2005 Yeas 48 Nays 0 BRAD OWEN ________________________________________ President of the Senate		CERTIFICATE I, Richard Nafziger, Chief Clerk of the House of Representatives of the State of Washington, do hereby certify that the attached is HOUSE BILL 1329 as passed by the House of Representatives and the Senate on the dates hereon set forth. RICHARD NAFZIGER ________________________________________ Chief Clerk
Approved April 15, 2005. CHRISTINE GREGOIRE ________________________________________ Governor of the State of Washington		FILED April 15, 2005 - 1:47 p.m. Secretary of State State of Washington

AN ACT Relating to choosing a reduced retirement allowance under the law enforcement officers' and fire fighters' retirement system, plan 1; amending RCW 41.26.164; and declaring an emergency.

Sec. 1   RCW 41.26.164 and 2002 c 158 s 4 are each amended to read as follows:
     (1) No later than July 1, ((~~2003~~)) 2005, the department shall adopt rules to allow a member who meets the criteria set forth in subsection (2) of this section to choose an actuarially equivalent benefit that pays the member a reduced retirement allowance and upon death, such portion of the member's reduced retirement allowance as the department by rule designates shall be continued throughout the life of a spouse ineligible for survivor benefits under RCW 41.26.160 or 41.26.161.
     (2) To choose an actuarially equivalent benefit according to subsection (1) of this section, a member shall:
     (a) Have a portion of the retirement allowance payable to the retiree that is not subject to periodic payments pursuant to a property division obligation as provided for in RCW 41.50.670; and
     (b) ((Have no qualified ex spouse under RCW 41.26.162(1); and
     (c))) Choose an actuarially reduced benefit equivalent to that portion not subject to periodic payments under (a) of this subsection during a one-year period beginning one year after the date of marriage to the survivor benefit-ineligible spouse.
     (3) A member who married a spouse ineligible for survivor benefits under RCW 41.26.160 or 41.26.161 prior to the effective date of the rules adopted under this section and satisfies ((~~the conditions of~~)) subsection (2)(a) ((~~and (b)~~)) of this section has one year to designate their spouse as a survivor beneficiary following the adoption of the rules.
     (4) No benefit provided to a child survivor beneficiary under RCW 41.26.160 or 41.26.161 is affected or reduced by the member's selection of the actuarially reduced spousal survivor benefit provided by this section.
     (5)(a) Any member who chose to receive a reduced retirement allowance under subsection (1) of this section is entitled to receive a retirement allowance adjusted in accordance with (b) of this subsection if:
     (i) The retiree's survivor spouse designated in subsection (1) of this section predeceases the retiree; and
     (ii) The retiree provides to the department proper proof of the designated beneficiary's death.
     (b) The retirement allowance payable to the retiree from the beginning of the month following the date of the ((~~beneficiaries [beneficiary's]~~)) beneficiary's death shall be increased by the following:
     (i) One hundred percent multiplied by the result of (b)(ii) of this subsection converted to a percent;
     (ii) Subtract one from the reciprocal of the appropriate joint and survivor option factor.

NEW SECTION. Sec. 2 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 takes effect immediately.