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2017 Regular Session
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Overview
At the request of:
Chief Sponsors: Senator Knopp, Kruse
Regular Sponsors: Senator Baertschiger Jr, Boquist, Ferrioli, Hansell, Olsen, Thatcher, Winters, Representative Nearman (Presession Filed)
Bill Title: Relating to public employee retirement; declaring an emergency.
Catchline/Summary: Redirects employee contributions made by member of system from individual account program to account to be used to pay for member's pension or other retirement benefits accrued on or after January 1, 2018.
For years beginning in 2018, caps at $100,000 annual salary used to calculate final average salary for purposes of Public Employees Retirement System. Directs Public Employees Retirement Board to recalculate employer contribution rates to reflect savings attributable to Act. Provides for expedited review of Act by Supreme Court upon petition by adversely affected party. Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In Senate Committee
Current Committee: Senate Committee On Workforce
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events