Select Committee on Pension Policy

​2018 SCPP Interim Recommendations And Work Summary

This page provides a concise summary of the work of the SCPP during the 2018 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.

2018 Interim Work History

2019 Fiscal Impact Summary

  Issues Considered With Recommendation

HB 1308/SB 5360

Plan Membership Default

Change the default plan selection for new hires from Plan 3 to Plan 2.

HB 1414/SB 5335

Month-of-Death

Pay a full month of benefits for the month in which a retiree dies.

HB 1408/SB 5661

Spousal Consent

Remove the requirement for spousal consent when the member selects a joint and survivor benefit of more than 50 percent for their spouse.

HB 1390/SB 5400

Plans 1 Cost-Of-Living Adjustment

Provide a one-time 3 percent benefit increase capped at $62.50/month to retired members of PERS and TERS Plans 1 who are not receiving a minimum benefit and have been retired at least one year.

HB 1413/SB 5350

Expanded Annuity Purchase

Provide the purchase of an additional annuity option to members of PERS, SERS, and PSERS with a minimum purchase price of $5,000.

  Issues Considered Without Recommendation

Retire-Rehire

Managing Future Dolan-Type Unfunded Liabilities

Prior Act and LEOFF 1 Disability and Pension Boards

PSERS Retirement Age

  Other

Letter 

Recommendation to the PFC on 2019-21 Contribution Rates

Adopt the State Actuary’s preliminary calculated rates for 2019-21 Biennium, which include the third and final step of the three-biennia mortality improvement phase in.

  

 

2017 Recommendations
2016 Recommendations
2015 Recommendations
2014 Recommendations
2013 Recommendations

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