WA People
BILL · 2003–04 SESSION · LATEST VERSION EHB 2254

HB 2254: Funding state retirement

Funding the state retirement systems.

Summary

  • Changes the method of determining the actuarial value of state retirement plan assets to one that recognizes the variation of a year's investment return from the long-term rate of investment return over a varying period based on the magnitude of deviation up to a maximum period for recognition of eight years
  • Makes no contributions during the 2003-2005 biennium towards the unfunded liabilities in PERS and TRS Plans 1.

From the House Bill Analysis (HB 2254), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 11, Laws of 2003, 1st Special Session
  1. IntroducedApr 16, 2003
  2. Out of committeeJun 4, 2003
  3. Passed HouseJun 4, 2003
  4. Passed SenateJun 4, 2003
  5. GovernorJun 20, 2003
  6. LawJun 20, 2003
Prime sponsor
Helen Sommers (D-36)
Introduced
April 16, 2003 in the House
Last action
June 20, 2003
Session law
Chapter 11, Laws of 2003, 1st Special Session
Budget
Has a fiscal note

AN ACT Relating to actuarial funding of the state retirement systems;

Sponsors

Prime sponsor: Helen Sommers (D-36)

2 co-sponsors (2 Democrats, 0 Republicans)

Bill Fromhold D-49Jim Moeller D-49

Votes

House · Final Passage

Passed June 4, 2003
Version voted on: EHB 2254
73 Yea 19 Nay 0 Absent 6 Excused
PartyYeaNayAbsentExcused
Democrat49102
Republican241804
How each member voted

Yea (73)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed June 4, 2003
Version voted on: EHB 2254
42 Yea 4 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat22200
Republican20203
How each member voted

Nay (4)

Excused (3)

Permalink to this vote

History

  1. Effective date 7/1/2003. (EHB 2254)
  2. Chapter 11, 2003 Laws 1st Special Session. (EHB 2254)
  3. Governor signed. (EHB 2254)
  4. Delivered to Governor. (EHB 2254)
  5. President signed. (EHB 2254)
  6. Speaker signed. (EHB 2254)
  7. By resolution, reintroduced and retained in present status. (EHB 2254)
  8. Read first time, rules suspended, and placed on second reading calendar. (EHB 2254)
  9. Third reading, passed; yeas, 73; nays, 19; absent, 0; excused, 6. (EHB 2254)
  10. Rules suspended. Placed on Third Reading. (EHB 2254)
  11. Floor amendment(s) adopted. (EHB 2254)
  12. Committee relieved of further consideration. Placed on second reading. (EHB 2254)
  13. Rules suspended. (EHB 2254)
  14. Third reading, passed; yeas, 42; nays, 4; absent, 0; excused, 3. (EHB 2254)
  15. Rules suspended. Placed on Third Reading. (EHB 2254)
  16. First reading, referred to Appropriations. (EHB 2254)

HB 2254 in other sessions

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

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