BILL · 2005–06 SESSION

HB 2690: Additional service credit

Permitting members of the public employees' retirement system, the teachers' retirement system, the school employees' retirement system, the public safety employees' retirement system, plan 1 of the law enforcement officers' and fire fighters' retirement system, and the Washington state patrol retirement system to make a one-time purchase of additional service credit.

Summary

  • Permits members of the Teachers', School Employees', and Public Employees' Plans 1, 2 and 3, the Public Safety Employees' Retirement System Plan 2, the Law Enforcement Officers' and Fire Fighters' Plan 1, and the Washington State Patrol Retirement System to purchase up to five years of service credit.
  • Allows the service credit to be purchased at time of retirement at full actuarial cost.
  • Allows a member purchasing service to pay for all or part of the cost with a transfer from an eligible retirement account.

From the House Bill Report (HB 2690), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 214, Laws of 2006
  1. IntroducedJan 12, 2006
  2. Out of committeeJan 26, 2006
  3. Passed HouseFeb 11, 2006
  4. Passed SenateMar 2, 2006
  5. GovernorMar 24, 2006
  6. LawMar 24, 2006
Prime sponsor
Larry Crouse (R-4)
Introduced
January 12, 2006 in the House
Last action
March 24, 2006
Session law
Chapter 214, Laws of 2006
Requested by
Other
Companion bill
SB 6457
Budget
Has a fiscal note

AN ACT Relating to permitting members of the public employees' retirement system, the teachers' retirement system, the school employees' retirement system, the public safety employees' retirement system, plan 1 of the law enforcement officers' and fire fighters' retirement system, and the Washington state patrol retirement system to make a one-time purchase of additional service credit;

Sponsors

Votes

House · Final Passage

Passed February 11, 2006
Version voted on: HB 2690
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55001
Republican42000
How each member voted

Yea (97)

Excused (1)

Senate · 3rd Reading & Final Passage

Passed March 2, 2006
Version voted on: HB 2690
39 Yea 0 Nay 1 Absent 9 Excused
PartyYeaNayAbsentExcused
Democrat21014
Republican18005
How each member voted

History

  1. Governor signed.
  2. Effective date 7/1/2006.
  3. Chapter 214, 2006 Laws.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 39; nays, 0; absent, 1; excused, 9.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. WM - Majority; do pass.
  11. Passed to Rules Committee for second reading.
  12. First reading, referred to Ways & Means.
  13. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.
  14. Rules suspended. Placed on Third Reading.
  15. Placed on second reading by Rules Committee.
  16. Passed to Rules Committee for second reading.
  17. APP - Executive action taken by committee.
  18. APP - Majority; do pass.
  19. First reading, referred to Appropriations.

HB 2690 in other sessions

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

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