BILL · 2019–20 SESSION

SB 5240: City retirement/state invest

Authorizing the state investment board to invest the assets of the first-class cities' retirement systems.

Summary

  • Permits the Washington State Investment Board to enter into agreements to invest the pension funds of the First Class Cities Retirement Systems.

From the Senate Bill Report (Orig.) (SB 5240), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 16, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (D-36)
Introduced
January 16, 2019 in the Senate
Last action
January 13, 2020
Budget
Has a fiscal note

AN ACT Relating to investing the assets of the first-class cities' retirement systems;

Sponsors

Prime sponsor: Senator (D-36)

1 co-sponsor (0 Democrats, 1 Republican)

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 Ways & Means.

SB 5240 in other sessions

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

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