1109-S AMH MACE PRIN 619

SHB 1109 - H AMD 456

By Representative MacEwen

ADOPTED 03/29/2019

On page 303, after line 19, insert the following:

“NEW SECTION.  Sec. 779. COMPENSATION--- PERS AND TRS PLAN 1 RETIREE BENEFIT INCREASES

General Fund—State Appropriation (FY 2020) ............. $18,400,000

General Fund—State Appropriation (FY 2021) ............. $19,900,000

Other Appropriated Funds  ............................... $7,100,000

TOTAL APPROPRIATION........................... $45,400,000

The appropriations in this section are provided solely for implementation of House Bill No. 1390 (plan 1 retiree benefit increases). If the bill is not enacted by June 30, 2020, the amounts provided in this subsection shall lapse.”

Renumber remaining sections consecutively and correct internal references.

On page 328, after line 30, insert the following:

“NEW SECTION.  Sec. 952.  COMPENSATION—PERS AND TRS PLAN 1 PENSION CONTRIBUTIONS

Appropriations in Part VII of this act include funding for an increase in pension contribution rates for several state pension systems attributable to enactment of House Bill No. 1390 (plan 1 retiree benefit increases). An increase of twelve one-hundredths of one percent is funded for state employer contributions to the public employees', school employees', and public safety employees' retirement systems and an increase of twenty-eight one-hundredths of one percent for school employer contributions to the teachers' retirement system are funded. These increases are provided for the purpose of a one-time, ongoing 3 percent pension increase for retirees in the public employees' retirement system plan 1 and teachers' retirement system plan 1, not to exceed $62.50 for all members who received a monthly benefit on July 1, 2018.”

Renumber remaining sections consecutively and correct internal references.

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