BILL · 2007–08 SESSION · LATEST VERSION SHB 1044

HB 1044: Contribution rates

Amending the process for adopting contribution rates for the state retirement systems.

Summary

Requires the Pension Funding Council (PFC) to adopt contribution rates by July 31 of even numbered years.
Requires the contribution rates that the State Actuary submits to the PFC be considered preliminary prior to PFC action, and that the final valuation and rates be submitted by the State Actuary incorporating any actions taken by the PFC.
Requires the PFC to submit preliminary actuarial audit results to the Select Committee on Pension Policy at least 30 days prior to taking action on contribution rates.
Permits the PFC to adopt annual contribution rate changes, rather than only a single set of rates for the upcoming biennium.
Experience and long-term economic assumptions used by the State Actuary and the Department of Retirement System (DRS) would be evaluated and reviewed by the PFC in the fall of odd-numbered years beginning in 2007.

From the House Bill Report (HB 1044), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor

AN ACT Relating to the process for adopting contribution rates for the actuarial funding of the state retirement systems;

No recorded floor votes.

Jan 14, 2008House Rules "X" file. (SHB 1044)
Jan 14, 2008By resolution, reintroduced and retained in present status. (SHB 1044)
Jan 14, 2008House Rules "X" file.
Jan 14, 2008By resolution, reintroduced and retained in present status.
Jan 31, 2007Passed to Rules Committee for second reading. (SHB 1044)
Jan 31, 2007Passed to Rules Committee for second reading.
Jan 29, 2007APP - Majority; 1st substitute bill be substituted, do pass. (SHB 1044)
Jan 29, 2007APP - Majority; 1st substitute bill be substituted, do pass.
Jan 29, 2007APP - Executive action taken by committee.
Jan 8, 2007First reading, referred to Appropriations.
Jan 3, 2007Prefiled for introduction.

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

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HB 1044 (2021–22) Prison to postsecondary ed. · Enacted · Chapter 200, Laws of 2021
HB 1044 (2019–20) Seniors/property taxes · Did not pass · died in committee
HB 1044 (2017–18) Homeownership projects · Did not pass · died in committee
HB 1044 (2015–16) Minority & women's business · Did not pass · died in committee
HB 1044 (2013–14) Termination of pregnancy · Did not pass · passed House, stalled in Senate
HB 1044 (2011–12) Office of open records · Did not pass · died in committee