WA People
BILL · 2009–10 SESSION

HB 1543: Public retirement systems

Lowering the general salary increase assumption for the actuarial funding of certain public retirement systems.

Summary

  • Lowers from 4.5 percent to 4.25 percent the long-term economic assumption for growth in salaries used by the State Actuary for making recommendations on assumptions and contribution rates to the Pension Funding Council.
  • Applies the reduced growth in salaries assumption to the Public Employees' Retirement System, the Teachers' Retirement System, the School Employees' Retirement System, the Public Safety Employees' Retirement System, the Washington State Patrol Retirement System, and the Law Enforcement Officers' and Firefighters' Retirement System Plan 1.

From the House Bill Report (HB 1543), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 23, 2009
  2. Out of committeeFeb 20, 2009
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Larry Crouse (R-4)
Introduced
January 23, 2009 in the House
Last action
March 15, 2010
Requested by
Other
Companion bill
SB 5304
Budget
Has a fiscal note

AN ACT Relating to lowering the general salary increase assumption from 4.5 percent to 4.25 percent for the actuarial funding of the public employees' retirement system, the teachers' retirement system, plan 1 of the law enforcement officers' and firefighters' retirement system, the school employees' retirement system, the public safety employees' retirement system, and the Washington state patrol retirement system;

Sponsors

Prime sponsor: Larry Crouse (R-4)

1 co-sponsor (1 Democrat, 0 Republicans)

Steve Conway D-29

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. Referred to Ways & Means.
  3. Rules Committee relieved of further consideration.
  4. By resolution, reintroduced and retained in present status.
  5. Returned to Rules Committee for second reading.
  6. Placed on second reading by Rules Committee.
  7. Passed to Rules Committee for second reading.
  8. WAYS - Majority; do pass.
  9. WAYS - Executive action taken by committee.
  10. First reading, referred to Ways & Means.

HB 1543 in other sessions

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

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