2017 Regular Session
|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.|
|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.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Joint Committee On Ways and Means|