WA People
BILL · 2019–20 SESSION

HB 2127: Pensions/add. contributions

Concerning additional contribution rates for contributions made after the date the service is rendered for individual employers of Washington state retirement systems.

Summary

  • Requires that employers reporting employees to the state retirement systems accurately report the date of first employment (including employment with a controlled entity) upon enrollment, including for those that choose the Higher Education Retirement Plan instead of the Public Employees' Retirement Plan 3.
  • Requires the Department of Retirement System (DRS) to collect interest on late-reported contributions if the amount owed to the retirement system exceeds $100,000.
  • Permits the Pension Funding Council to adopt individual employer contribution rates, in lieu of a charge of late contribution rates and interest.
  • Requires the individual contribution rates be sufficient to ensure that the cost of late contributions are not passed on to other retirement system employers and employees.

From the House Bill Analysis 2019 (HB 2127), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 26, 2019
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Drew Stokesbary (R-31)
Introduced
February 26, 2019 in the House
Last action
January 13, 2020
Budget
Has a fiscal note

AN ACT Relating to additional contribution rates for contributions made after the date the service is rendered for individual employers of Washington state retirement systems;

Sponsors

Prime sponsor: Drew Stokesbary (R-31)

1 co-sponsor (1 Democrat, 0 Republicans)

Timm Ormsby D-3

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Appropriations.

HB 2127 in other sessions

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

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