Changing the terms for 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 age for vesting with five years of service, from five years including one year after age 54, to five years including one year after age 44 in the Public Employees' Retirement System, the School Employees' Retirement System, and the Teachers' Retirement System Plans 3.
From the Substitute House Bill Report (SHB 1320), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed House, stalled in Senate
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;