WA People
BILL · 2017–18 SESSION

HB 1708: Retirement system opt-out

Allowing new government employees the option of opting out of retirement system membership if the employee is age sixty or older when first hired, or when the employee's employer opts into retirement plan participation.

Summary

  • Provides a limited one-time, irrevocable opportunity for employees age 60 or older to opt out of participation in the Public Employees' Retirement System (PERS), the School Employees' Retirement System, and the Teachers' Retirement System under two specific circumstances.
  • Limits the opt-out provision to: (1) new employees age 60 or older with no prior service in a Department of Retirement Systems-administered retirement plan; or (2) employees age 60 or older when the employee's employer opts into participation in PERS.
  • Requires employers to make contributions to the appropriate retirement system regardless of the employee decision to opt out.

From the House Bill Analysis 2017 (HB 1708), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 26, 2017
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Bruce Chandler (R-15)
Introduced
January 26, 2017 in the House
Last action
January 8, 2018
Requested by
Other
Companion bill
SB 5276
Budget
Has a fiscal note

AN ACT Relating to allowing new government employees the option of opting out of retirement system membership if the employee is age sixty or older when first hired, or when the employee's employer opts into retirement plan participation;

Sponsors

Prime sponsor: Bruce Chandler (R-15)

2 co-sponsors (2 Democrats, 0 Republicans)

Timm Ormsby D-3Derek Stanford D-1

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. First reading, referred to Appropriations (Not Officially read and referred until adoption of Introduction report).

HB 1708 in other sessions

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

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