BILL · 1997–98 SESSION · LATEST VERSION ESHB 2491

HB 2491: Investment gains sharing

Sharing extraordinary investment gains.

Summary

  • When the compound average rate of investment returns on the pension funds over the previous four years exceeds 10 percent, half the earnings over 10 percent will be used to increase benefits and the other half will be used to accelerate the amortization of the Public Employees' Retirement System (PERS) and the Teachers' Retirement System (TRS) Plan I costs.

From the Substitute Senate Bill Report (SHB 2491), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 340, Laws of 1998
  1. IntroducedJan 14, 1998
  2. Out of committee
  3. Passed HouseFeb 27, 1998
  4. Passed SenateMar 5, 1998
  5. Governor
  6. LawApr 3, 1998
Prime sponsor
Don Carlson (R-49)
Introduced
January 14, 1998 in the House
Last action
April 3, 1998
Session law
Chapter 340, Laws of 1998
Requested by
Other
Companion bill
SB 6307
Budget
Makes appropriations · Has a fiscal note
Versions
HB 2491, ESHB 2491

Sponsors

Votes

House · Final Passage

February 27, 1998
Version voted on: ESHB 2491
97 Yea 1 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat41000
Republican56100
How each member voted

Yea (97)

Nay (1)

Senate · Final Passage

March 5, 1998
Version voted on: ESHB 2491
48 Yea 0 Nay 1 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat23000
Republican25010
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2491 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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