S-564                 _______________________________________________

                                    SENATE CONCURRENT RESOLUTION NO. 111

                        _______________________________________________

State of Washington                              49th Legislature                              1985 Regular Session

By Senators Gaspard, McDonald, Bottiger, Hayner and Lee

Read first time 2/7/85 and referred to Committee on

WHEREAS, The funding of the public retirement systems and provision of adequate benefits to retirees are of vital concern to the state's public employees  and state's managers; and

          WHEREAS, The public retirement systems of the state of Washington are faced with a large unfunded liability which threatens the future fiscal health of the state government; and

          WHEREAS, Due to unexpected increases in compensation and disability claims, and other factors, the retirement systems have incurred liabilities far greater than were anticipated when the systems were established by the legislature; and

          WHEREAS, Benefits have been granted on a piecemeal basis in the past, without consistency between plans and without adequate understanding of their costs; and

          WHEREAS, The Joint Interim Committee on Public Retirement was created in Senate Concurrent Resolution No. 149 in 1984; and

          WHEREAS, The legislature is in need of an on-going body which is familiar with the history of the retirement systems and is knowledgeable regarding the details of their benefit and funding provisions;

          NOW, THEREFORE, BE IT RESOLVED, By the House of Representatives of the State of Washington, the Senate concurring, That the Joint Interim Committee on Public Retirement be continued.