HB 2540: Retirement vesting
Vesting after five years of service in the defined benefit portion of the public employees' retirement system, the school employees' retirement system, and the teachers' retirement system plan 3.
Summary
- Reduces the required length of service for vesting in the Public Employees' Retirement System, the School Employees' Retirement System, and the Teachers' Retirement System Plans 3 from 10 years to five years.
From the House Bill Analysis (HB 2540), written by the Legislature's nonpartisan staff. Read the full report ↗
- IntroducedJan 15, 2004
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Gary Alexander (R-20)
- Introduced
- January 15, 2004 in the House
- Last action
- January 15, 2004
- Requested by
- Other
- Companion bill
- SB 6247
- Budget
- Has a fiscal note
AN ACT Relating to vesting after five years of service in the defined benefit portion of the public employees' retirement system, the school employees' retirement system, and the teachers' retirement system plan 3;
Sponsors
Prime sponsor: Gary Alexander (R-20)
7 co-sponsors (6 Democrats, 1 Republican)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Appropriations.
HB 2540 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 2540 (2025–26) EMT recertification
- HB 2540 (2019–20) Campaign funds/child care
- HB 2540 (2017–18) Port districts/air quality
- HB 2540 (2015–16) Annual tax surveys & reports
- HB 2540 (2013–14) Career & tech course equivs
- HB 2540 (2011–12) Paint stewardship program
- HB 2540 (2009–10) Licensure of dentists
- HB 2540 (2007–08) Hunters and fishers