WA People
BILL · 2003–04 SESSION

HB 2541: Asset smoothing corridor

Establishing an asset smoothing corridor for actuarial valuations used in the funding of the state retirement systems.

Summary

  • Establishes a 30 percent limit on the difference between actuarial and market value of assets for purposes of actuarial studies performed on the Public Employees' Retirement System, the School Employees' Retirement System, the Law Enforcement Officers' and Fire Fighters' Retirement System, and the Washington State Patrol Retirement System.

From the House Bill Analysis (HB 2541), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 15, 2004
  2. Out of committeeJan 28, 2004
  3. Passed HouseFeb 16, 2004
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Conway (D-29)
Introduced
January 15, 2004 in the House
Last action
March 11, 2004
Requested by
Other
Companion bill
SB 6249
Budget
Has a fiscal note

AN ACT Relating to establishing an asset smoothing corridor for actuarial valuations used in the funding of the state retirement systems;

Sponsors

Prime sponsor: Steve Conway (D-29)

2 co-sponsors (2 Democrats, 0 Republicans)

Bill Fromhold D-49Jim Moeller D-49

Votes

House · Final Passage

Passed February 16, 2004
Version voted on: HB 2541
93 Yea 1 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat50002
Republican43102
How each member voted

Yea (93)

Nay (1)

Excused (4)

Permalink to this vote

History

  1. By resolution, returned to House Rules Committee for third reading.
  2. Passed to Rules Committee for second reading.
  3. WM - Majority; do pass.
  4. First reading, referred to Ways & Means.
  5. Rules suspended. Placed on Third Reading.
  6. Third reading, passed; yeas, 93; nays, 1; absent, 0; excused, 4.
  7. Placed on second reading by Rules Committee.
  8. Passed to Rules Committee for second reading.
  9. APP - Executive action taken by committee.
  10. APP - Majority; do pass.
  11. First reading, referred to Appropriations.

HB 2541 in other sessions

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

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