S-4419               _______________________________________________

                                         SUBSTITUTE SENATE BILL NO. 3718

                        _______________________________________________

State of Washington                              49th Legislature                              1986 Regular Session

By Senate Committee on Ways & Means (originally sponsored by Senator McDermott)

Read first time 2/5/86.

AN ACT Relating to retirement systems; amending RCW 2.10.220; and declaring an emergency.

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

        Sec. 1.  Section 22, chapter 267, Laws of 1971 ex. sess. as amended by section 1, chapter 7, Laws of 1980 and RCW 2.10.220 are each amended to read as follows:

          (1) Any member of the Washington public employees' retirement system who is eligible to participate in the judicial retirement system may, by written request filed with the retirement boards of the two systems respectively, transfer such membership to the judicial retirement system.  Upon the receipt of such request, the board of the Washington public employees' retirement system shall transfer to the board of the Washington judicial retirement system (a) all employee's contributions and interest thereon belonging to such member in the employees' savings fund and all employer's contributions credited or attributed to such member in the benefit account fund and (b) a record of service credited to such member.  One-half of such service shall be computed and not more than nine years shall be credited to such member as though such service was performed as a member of the judicial retirement system.  Upon such transfer being made the state treasurer shall deposit such moneys in the judicial retirement fund.  In the event that any such member should terminate judicial service prior to his entitlement to retirement benefits under any of the provisions of this chapter, he shall upon request therefor be repaid from the judicial retirement fund an amount equal to the amount of his employee's contributions to the Washington public employees' retirement system and interest plus interest thereon from the date of the transfer of such moneys.

          (2) Any member of the judicial retirement system who was formerly a member of the Washington public employees' retirement system with membership service credit of not less than ((six)) four years but who ((has)) had terminated his membership therein in 1958 under the provisions of chapter 41.40 RCW, may reinstate his membership in the Washington public employees' retirement system, for the sole purpose of qualifying for a transfer of membership in the judicial retirement system in accordance with subsection (1) above by making full restoration of all withdrawn funds to the employees' savings fund prior to July 1, ((1980)) 1986.  Upon reinstatement in accordance with this subsection, the provisions of subsection (1) and the provisions of RCW 41.40.120(3) shall then be applicable to the reinstated member in the same manner and to the same extent as they are to the present members of the Washington public employees' retirement system who are eligible to participate in the judicial retirement system.

          (3) Any member of the judicial retirement system who has served as a judge for one or more years and who has rendered service for the state of Washington, or any political subdivision thereof, prior to October 1, 1947, or the time of the admission of the employer into the Washington public employees' retirement system, may‑-upon his payment into the judicial retirement fund of a sum equal to five percent of his compensation earned for such prior public service‑-request and shall be entitled to have one-half of such service computed and not more than six years immediately credited to such member as though such service had been performed as a member of the judicial retirement system, provided that any such prior service so credited shall not be claimed for any pension system other than a judicial retirement system.

NEW SECTION. Sec. 2.     This act is necessary for the immediate preservation of the public peace, health, and safety, the support of the state government and its existing public institutions, and shall take effect immediately.