WA People
BILL · 2005–06 SESSION

HB 2683: Actuarial accrued liability

Funding the unfunded actuarial accrued liability in plan 1 of the public employees' retirement system and plan 1 of the teachers' retirement system.

Summary

  • Begins a three-year phase-in of contribution rates to fund the required contributions towards the unfunded liabilities in the Public Employees' Retirement System Plan 1 on July 1, 2006 and the Teachers' Retirement System Plan 1 on September 1, 2006.
  • Directs the State Actuary to recommend annual rates to the Pension Funding Council that will complete the three-year phase-in of the UAAL during the 2005-09 fiscal biennum.

From the House Bill Analysis (HB 2683), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 12, 2006
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Bill Fromhold (D-49)
Introduced
January 12, 2006 in the House
Last action
January 12, 2006
Requested by
Other
Companion bill
SB 6451
Budget
Has a fiscal note

AN ACT Relating to payment of the unfunded actuarial accrued liability in plan 1 of the public employees' retirement system and plan 1 of the teachers' retirement system;

Sponsors

Prime sponsor: Bill Fromhold (D-49)

6 co-sponsors (6 Democrats, 0 Republicans)

Steve Conway D-29John Lovick D-44Dave Quall D-40Geoff Simpson D-47Timm Ormsby D-3Jim Moeller D-49

Votes

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

History

  1. First reading, referred to Appropriations.

HB 2683 in other sessions

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

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