BILL · 2023–24 SESSION

HB 1558: Self-insured pensions/fund

Creating a separate fund for the purposes of self-insured pensions and assessments.

Summary

  • Creates the Self-Insurance Reserve Fund for payments from self-insured employers related to workers' compensation pensions and from the Overpayments Reimbursement Fund.
  • Allows the State Investment Board to invest any excess amounts in the Self-Insurance Reserve Fund.
  • Provides that the Second Injury Fund will retain its proportionate share of earnings in the fund held by the State Treasurer's Office.

From the House Bill Report (HB 1558), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 24, 2023
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Greg Cheney (R-18)
Introduced
January 24, 2023 in the House
Last action
January 8, 2024
Requested by
State agency
Companion bill
SB 5084
Budget
Has a fiscal note

AN ACT Relating to creating a separate fund for the purposes of self-insured pensions and assessments;

Sponsors

Prime sponsor: Greg Cheney (R-18)

3 co-sponsors (2 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. Referred to Appropriations.
  3. LAWS - Executive action taken by committee.
  4. LAWS - Majority; do pass.
  5. First reading, referred to Labor & Workplace Standards.

HB 1558 in other sessions

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

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