WA People
BILL · 2003–04 SESSION

SB 6252: Early retirement buy down

Permitting members of the public employees' retirement system plan 2 and plan 3 and the school employees' retirement system plan 2 and plan 3 to buy down the early retirement reduction amounts.

Summary

  • Members of Plans 2 or 3 of PERS or SERS who are eligible for early retirement are allowed to buy down all or part of the early retirement benefit reduction. Members opting to buy down the early retirement reduction pay the full actuarial cost of the buydown.

From the Senate Bill Report (SB 6252), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2004
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Shirley Winsley (R-28)
Introduced
January 15, 2004 in the Senate
Last action
January 15, 2004
Requested by
Other
Companion bill
HB 2536
Budget
Has a fiscal note

AN ACT Relating to permitting members of the public employees' retirement system plan 2 and plan 3 and the school employees' retirement system plan 2 and plan 3 to buy down the early retirement reduction amounts;

Sponsors

Prime sponsor: Shirley Winsley (R-28)

4 co-sponsors (4 Democrats, 0 Republicans)

Debbie Regala D-27Karen Fraser D-22Karen Keiser D-33Marilyn Rasmussen D-2

Votes

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

History

  1. First reading, referred to Ways & Means.

SB 6252 in other sessions

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

Report wrong or missing information on this page