HOUSE BILL REPORT

HB 10

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

Majority Report:  Do pass.  (22)

      Signed by Representatives Locke, Chair; Allen, Belcher, Braddock, Brekke, Bristow, Fuhrman, Grant, Grimm, Hine, Holland, McLean, McMullen, Nealey, Niemi, Peery, Sayan, Silver, L. Smith, H. Sommers, Sprenkle and B. Williams.

House Staff:Randy Acker (786-7153)

AS PASSED HOUSE MARCH 20, 1987

BACKGROUND:

In 1972 the State-Wide City Employees' Retirement System (SWCERS) was abolished and 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 into PERS.  Members wishing to transfer credit were required to do so by March 15, 1985.  Apparently 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 may transfer service credit into the Public Employees' Retirement System.

EFFECT OF SENATE AMENDMENT(S):  The sum of $31,000 is appropriated to the Department of Retirement Systems from the Retirement Systems Expense Fund.

Fiscal Note:      Attached.

House Committee ‑ Testified For:    None Presented.

House Committee - Testified Against:      None Presented.

House Committee - Testimony For:    None Presented.

House Committee - Testimony Against:      None Presented.

VOTE ON FINAL PASSAGE:

      Yeas 97; Nays 0; Absent 0; Excused 1

Excused:    Representative Padden