FINAL BILL REPORT

HB 10

                                  C 417 L 87

BYRepresentatives Grimm and Sayan

Revising provisions relating to transfer of service credit from the state-wide city employees' retirement system.

House Committe on Ways & Means/Appropriations

SYNOPSIS AS ENACTED

BACKGROUND:

In 1972, the State-Wide City Employees' Retirement System (SWCERS) was abolished and its responsibilities, assets, and liabilities were transferred to the Public Employees' Retirement System (PERS).  Service credit earned by members of SWCERS was not transferred into PERS at that time.  In 1984, the PERS statute was amended to allow former members of SWCERS who became members of PERS on or before March 15, 1984, to transfer service credit to PERS.  Members wishing to transfer credit were required to do so by March 15, 1985.  Some former members of SWCERS were not informed of their option to transfer credit and did not do so within the required time frame.

SUMMARY:

A one-year "open window" is created during which former members of the State-Wide City Employees' Retirement System (SWCERS) may transfer service credit to the Public Employees' Retirement System (PERS).

VOTES ON FINAL PASSAGE:

      House 97   0

      Senate    49     0 (Senate amended)

      House             (House refused to concur)

      Senate    46     0 (Senate receded)

EFFECTIVE:July 26, 1987