WA People
BILL · 2017–18 SESSION

SB 6393: L&I annual investment return

Allowing the department to use a different assumption for annual investment returns for the reserve funds for self-insured and state fund pension claims.

Summary

  • Permits the Department of Labor and Industries to use different calculation methods for State Fund and self-insured pension liabilities.

From the House Bill Report (SB 6393), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 282, Laws of 2018
  1. IntroducedJan 15, 2018
  2. Out of committeeFeb 6, 2018
  3. Passed SenateFeb 12, 2018
  4. Passed HouseMar 2, 2018
  5. GovernorMar 27, 2018
  6. LawMar 27, 2018
Prime sponsor
John Braun (R-20)
Introduced
January 15, 2018 in the Senate
Last action
March 27, 2018
Session law
Chapter 282, Laws of 2018
Requested by
State agency
Companion bill
HB 2762
Budget
Has a fiscal note

AN ACT Relating to allowing the department to use a different assumption for annual investment returns for the reserve funds for self-insured and state fund pension claims;

Sponsors

Prime sponsor: John Braun (R-20)

5 co-sponsors (4 Democrats, 1 Republican)

Karen Keiser D-33Curtis King R-14Mark Mullet D-5Guy Palumbo D-1Steve Conway D-29

Votes

Senate · 3rd Reading & Final Passage

Passed February 12, 2018
Version voted on: SB 6393
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican21002
How each member voted

Excused (2)

Permalink to this vote

House · Final Passage

Passed March 2, 2018
Version voted on: SB 6393
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat50000
Republican48000
How each member voted

Yea (98)

Permalink to this vote

History

  1. Effective date 6/7/2018.
  2. Chapter 282, 2018 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0.
  8. Rules suspended. Placed on Third Reading.
  9. Rules Committee relieved of further consideration. Placed on second reading.
  10. Referred to Rules 2 Review.
  11. APP - Majority; do pass.
  12. First reading, referred to Appropriations (Not Officially read and referred until adoption of Introduction report).
  13. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  14. Rules suspended. Placed on Third Reading.
  15. Placed on second reading by Rules Committee.
  16. Passed to Rules Committee for second reading.
  17. WM - Majority; do pass.
  18. Referred to Ways & Means.
  19. And refer to Ways & Means.
  20. LBRC - Majority; without recommendation.
  21. First reading, referred to Labor & Commerce.

SB 6393 in other sessions

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

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