WA People
BILL · 2013–14 SESSION

HB 2577: LEOFF life annuity benefit

Creating an optional life annuity benefit for plan 2 members of the law enforcement officers' and firefighters' retirement system.

Summary

  • Permits members of Law Enforcement Officers' and Fire Fighters' Retirement System Plan 2 (LEOFF 2) to purchase actuarially equivalent life annuity benefits from the LEOFF 2 retirement fund.
  • Requires annuity purchases to be for a minimum of $25,000, and funds used for the purchase must be from a tax qualified plan offered by a governmental employer.

From the House Bill Report (HB 2577), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 21, 2014
  2. Out of committeeFeb 5, 2014
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Kevin Van De Wege (D-24)
Introduced
January 21, 2014 in the House
Last action
February 18, 2014
Requested by
Other
Companion bill
SB 6201
Budget
Has a fiscal note

AN ACT Relating to an optional life annuity benefit for plan 2 members of the law enforcement officers' and firefighters' retirement system;

Sponsors

Prime sponsor: Kevin Van De Wege (D-24)

6 co-sponsors (4 Democrats, 2 Republicans)

Joe Fitzgibbon D-34Jeff Holy R-6Dave Hayes R-10Chris Reykdal D-22Steve Bergquist D-11Roger Freeman D-30

Votes

No recorded floor votes.

History

  1. Returned to Rules Committee for second reading.
  2. Placed on second reading by Rules Committee.
  3. Passed to Rules Committee for second reading.
  4. APP - Executive action taken by committee.
  5. APP - Majority; do pass.
  6. First reading, referred to Appropriations (Not Officially read and referred until adoption of Introduction report).

HB 2577 in other sessions

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

Report wrong or missing information on this page