WA People
BILL · 2013–14 SESSION · LATEST VERSION ESSB 5851

SB 5851: Defined contribution plan

Creating a defined contribution retirement plan option for public employees.

Summary

  • The Washington Public Employees Savings Plan (PESP) is created as a new defined contribution plan option for persons who are eligible for membership in PERS, TRS, SERS, and PSERS Plans 2 and PERS, TRS, and SERS Plans 3, and who were employees first hired in an eligible position on or after July 1, 2014. New employees who do not make a choice of a retirement plan become members of Plan 3.

From the Engrossed Substitute Senate Bill Report (ESSB 5851), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedFeb 22, 2013
  2. Out of committeeMar 1, 2013
  3. Passed SenateApr 25, 2013
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
Barbara Bailey (R-10)
Introduced
February 22, 2013 in the Senate
Last action
March 13, 2014
Budget
Has a fiscal note
Versions
SB 5851, ESSB 5851

AN ACT Relating to creating a defined contribution retirement plan option for public employees;

Sponsors

Prime sponsor: Barbara Bailey (R-10)

2 co-sponsors (0 Democrats, 2 Republicans)

Andy Hill R-45Senator R-6

Votes

Senate · 3rd Reading & Final Passage

Passed April 25, 2013
Version voted on: ESSB 5851
25 Yea 22 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat32201
Republican22001
How each member voted

Excused (2)

Permalink to this vote

History

  1. Referred to Rules. (ESSB 5851)
  2. Placed on third reading by Rules Committee. (ESSB 5851)
  3. By resolution, reintroduced and retained in present status. (ESSB 5851)
  4. By resolution, reintroduced and retained in present status. (ESSB 5851)
  5. By resolution, returned to Senate Rules Committee for third reading. (ESSB 5851)
  6. First reading, referred to Appropriations (Not Officially read and referred until adoption of Introduction report). (ESSB 5851)
  7. Third reading, passed; yeas, 25; nays, 22; absent, 0; excused, 2. (ESSB 5851)
  8. Rules suspended. Placed on Third Reading. (ESSB 5851)
  9. Floor amendment(s) adopted. (ESSB 5851)
  10. 1st substitute bill substituted. (ESSB 5851)
  11. 1st substitute bill substituted.
  12. Placed on second reading by Rules Committee. (ESSB 5851)
  13. Placed on second reading by Rules Committee.
  14. Passed to Rules Committee for second reading. (ESSB 5851)
  15. WM - Majority; 1st substitute bill be substituted, do pass. (ESSB 5851)
  16. Minority; do not pass. (ESSB 5851)
  17. Minority; do not pass.
  18. WM - Majority; 1st substitute bill be substituted, do pass.
  19. Passed to Rules Committee for second reading.
  20. First reading, referred to Ways & Means.

SB 5851 in other sessions

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

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