2019 SCPP Interim Recommendations And Work Summary
This page provides a concise summary of the work of the SCPP during the 2019 Interim.
During session, bill drafts, draft fiscal notes, and executive summaries of the final issue status will be posted as they become available. Draft fiscal notes may not be available for every proposal. Draft documents will be replaced with links to final documents as they become available.
HB 1390/SB 5400
Plans 1 COLA
Provides a 3% one-time increase to Plans 1 (PERS 1 and TRS 1) benefits for retirees.
HB 1414/SB 5335
Month of Death
Requires the Department of Retirement Systems to pay benefits to members for the entire month in which a member dies, rather than pro-rating the benefit payments to the date of death.
HB 2051/SB 5920with the inclusion
Amendment 2051 AMS WM S3080.1
LEOFF 1 Prior Act Disability Boards
Increases the number of people eligible to serve on LEOFF 1 disability boards and “Prior Act” pension boards.
Dolan-Type Unfunded Liabilities
Requires that costs above $100,000 arising from late contributions (and similar circumstances), are exclusively paid by the individual employer responsible for the costs.
HB 2339/SB 6218
WSPRS Use of Leave Final Average Salary
Allows troopers in the Washington State Patrol Plan 1 who were commissioned between July 1, 2001, and December 31, 2002, to include vacation and holiday pay when calculating their retirement benefits.
HB 2340/SB 6219
WSPRS CPI Change
Replaces the now-defunct Consumer Price Index used in calculating retirement benefits for the Washington State Patrol.
HB 2341/SB 6383
Investment Options Target Date Funds Plans 3 DCP
Allow the asset mix of the retirement strategy funds (also known as target date funds) invested by the Washington State Investment Board to include investment in the Total Allocation Portfolio.
Roth Option for Deferred Compensation Program
Lump Sum Benefit
PERS/PSERS Death and Disability Comparison
PERS PSERS Dual Membership
Plans 1 UAAL Payment (SB 5999)
2019 Recommendation to the PFC on Long-Term Economic Assumptions
Adopt the State Actuary’s recommended long-term economic assumptions.
2018 Recommendations2017 Recommendations2016 Recommendations2015 Recommendations2014 Recommendations2013 Recommendations
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