WA People
BILL · 2005–06 SESSION

SB 6847: Retirement

Reducing certain unfunded state retirement system liabilities.

Summary

  • Recognizes that returns on the investment of retirement plan assets are volatile, and market volatility is reflected in variations in the funded status of the state retirement plans over time. The legislature also recognizes that the long-term liability in the plans 1 of the public employees' retirement system and the teachers' retirement system remains independent from short-term investment returns in the market.

From the Bill Digest (SB 6847), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 2006
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Bill Finkbeiner (R-45)
Introduced
January 26, 2006 in the Senate
Last action
January 26, 2006
Budget
Has a fiscal note

AN ACT Relating to reducing unfunded liabilities in plan 1 of the public employees' retirement system, plan 1 of the teachers' retirement system, plan 3 of the public employees' retirement system, plan 3 of the teachers' retirement system, and plan 3 of the school employees' retirement system;

Sponsors

Prime sponsor: Bill Finkbeiner (R-45)

Votes

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

History

  1. First reading, referred to Ways & Means.

SB 6847 in other sessions

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

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