BILL · 1999–00 SESSION · LATEST VERSION SHB 1024

HB 1024: Retirement system option

Providing a retirement option for certain retirement system members.

Summary

  • $ Allows members of PERS and TRS Plan 1 with 30 years of service to make an irrevocable choice to have future member retirement contributions plus 7.5 percent interest returned to them at retirement.
  • $ Members making such a choice will have their retirement benefit calculated using the service and compensation earned prior to the election.

From the Substitute House Bill Report (SHB 1024), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 362, Laws of 1999
  1. IntroducedJan 11, 1999
  2. Out of committee
  3. Passed HouseMar 4, 1999
  4. Passed SenateApr 6, 1999
  5. Governor
  6. LawMay 17, 1999
Prime sponsor
Don Carlson (R-49)
Introduced
January 11, 1999 in the House
Last action
May 17, 1999
Session law
Chapter 362, Laws of 1999
Requested by
Other
Companion bill
SB 5032
Budget
Has a fiscal note
Versions
HB 1024, SHB 1024

Sponsors

Votes

House · Final Passage

March 4, 1999
Version voted on: SHB 1024
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat47002
Republican49000
How each member voted

Yea (96)

Excused (2)

Senate · Final Passage

April 6, 1999
Version voted on: SHB 1024
43 Yea 0 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat22005
Republican21001
How each member voted

House · Final Passage

April 21, 1999
Version voted on: SHB 1024
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat48001
Republican49000
How each member voted

Yea (97)

Excused (1)

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 1024 in other sessions

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

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