THAT, At the next general election to be held in this state the secretary of state shall submit to the qualified voters of the state for their approval and ratification, or rejection, an amendment to Article VII of the Constitution of the state of Washington by adding a new section to read as follows:

Article VII, section . . .. Notwithstanding any other section or article of this Constitution, revenues from premiums, contributions, or other charges imposed on compensation for employment for the purpose of creating an actuarially sound system for the provision of future benefits or services only to payers must be deposited into a special fund in the state treasury to be used exclusively for the purposes for which it was imposed. The provisions of this section do not apply to premiums, contributions, or other charges imposed by law for deposit into unemployment insurance trust funds, industrial insurance trust funds, or other funds as directed by federal law.

BE IT FURTHER RESOLVED, That the secretary of state shall cause notice of this constitutional amendment to be published at least four times during the four weeks next preceding the election in every legal newspaper in the state.