WA People
BILL · 2005–06 SESSION

HB 1327: TRS early retirement

Permitting members of the teachers' retirement system plan 2 and plan 3 who qualify for early retirement or alternate early retirement to make a one-time purchase of additional service credit.

Summary

  • Permits members of the Teachers' Retirement System Plans 2 and 3 to purchase up to five years of service credit.
  • Allows the service credit to be purchased at time of early retirement at full actuarial cost.
  • Allows a member purchasing service to pay all or part of the cost with a transfer from an eligible retirement account.

From the House Bill Report (HB 1327), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 65, Laws of 2005
  1. IntroducedJan 20, 2005
  2. Out of committeeFeb 16, 2005
  3. Passed HouseMar 8, 2005
  4. Passed SenateApr 5, 2005
  5. GovernorApr 15, 2005
  6. LawApr 15, 2005
Prime sponsor
Gary Alexander (R-20)
Introduced
January 20, 2005 in the House
Last action
April 15, 2005
Session law
Chapter 65, Laws of 2005
Requested by
Other
Companion bill
SB 5512
Budget
Has a fiscal note

AN ACT Relating to permitting members of the teachers' retirement system plan 2 and plan 3 who qualify for early retirement or alternate early retirement to make a one-time purchase of additional service credit;

Sponsors

Prime sponsor: Gary Alexander (R-20)

5 co-sponsors (4 Democrats, 1 Republican)

Steve Conway D-29Larry Crouse R-4Geoff Simpson D-47Kelli Linville D-42Maralyn Chase D-32

Votes

House · Final Passage

Passed March 8, 2005
Version voted on: HB 1327
91 Yea 0 Nay 0 Absent 7 Excused
PartyYeaNayAbsentExcused
Democrat49007
Republican42000
How each member voted

Yea (91)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 5, 2005
Version voted on: HB 1327
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat23003
Republican23000
How each member voted

Yea (46)

Excused (3)

Permalink to this vote

History

  1. Governor signed.
  2. Effective date 7/1/2006.
  3. Chapter 65, 2005 Laws.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Rules suspended. Placed on Third Reading.
  8. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. WM - Majority; do pass.
  12. First reading, referred to Ways & Means.
  13. Placed on third reading.
  14. Third reading, passed; yeas, 91; nays, 0; absent, 0; excused, 7.
  15. Committee recommendations adopted.
  16. Placed on second reading suspension calendar.
  17. Passed to Rules Committee for second reading.
  18. APP - Majority; do pass.
  19. APP - Executive action taken by committee.
  20. First reading, referred to Appropriations.

HB 1327 in other sessions

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

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