WA People
BILL · 2003–04 SESSION · LATEST VERSION SHB 1458

HB 1458: Retirement incentive program

Authorizing retirement incentive programs.

Summary

  • Permits public employers experiencing reductions in workforce to offer retirement incentive programs that allow employees within five years of eligibility to retire with a 3 percent per year reduction in benefits, and for employees not within five years of eligibility retirement with full actuarial reduction.
  • Requires employers to pay the full actuarial present value of any increase in cost resulting from their employees retiring under an incentive program.

From the House Bill Analysis (HB 1458), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 27, 2003
  2. Out of committeeMar 10, 2003
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Gary Alexander (R-20)
Introduced
January 27, 2003 in the House
Last action
January 12, 2004
Budget
Has a fiscal note
Versions
HB 1458, SHB 1458

AN ACT Relating to authorizing retirement incentive programs;

Sponsors

Prime sponsor: Gary Alexander (R-20)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. Rules Committee relieved of further consideration. (SHB 1458)
  2. Referred to Appropriations. (SHB 1458)
  3. By resolution, reintroduced and retained in present status. (SHB 1458)
  4. Referred to Appropriations.
  5. Rules Committee relieved of further consideration.
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status. (SHB 1458)
  8. By resolution, reintroduced and retained in present status.
  9. By resolution, reintroduced and retained in present status. (SHB 1458)
  10. By resolution, reintroduced and retained in present status.
  11. Referred to Rules 2 Consideration. (SHB 1458)
  12. Referred to Rules 2 Consideration.
  13. Placed on second reading by Rules Committee. (SHB 1458)
  14. Placed on second reading by Rules Committee.
  15. Made eligible to be placed on second reading. (SHB 1458)
  16. Made eligible to be placed on second reading.
  17. Passed to Rules Committee for second reading. (SHB 1458)
  18. Passed to Rules Committee for second reading.
  19. APP - Majority; 1st substitute bill be substituted, do pass. (SHB 1458)
  20. APP - Executive action taken by committee.
  21. APP - Majority; 1st substitute bill be substituted, do pass.
  22. First reading, referred to Appropriations.

HB 1458 in other sessions

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

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