Introduced by Rep. Bill Fromhold, (D-Vancouver) (D) on January 24, 2007, to allow a supreme court justice, court of appeals judge or superior court judge a one-time only participation with state retirement benefits. The bill allows participation of accrual of benefits that equal one and one-half percent of their average final compensation for each year of future service, in place of future employee and employer contributions into the same retirement plans.
Referred to the House Appropriations Committee on January 24, 2007.
Substitute offered to the House Appropriations Committee on March 5, 2007, to change the terms of the purchase of past service from the full actuarial
value, one-half paid by the judge and one-half paid by the employer, to 5 percent of the salary
earned during the months of service being purchased plus interest. Only 70 percent of a
judge's past service may be purchased under the 5 percent formula, and it must be purchased
prior to December 31, 2007. Past service purchased after December 31, 2007, is at the
actuarial cost of the increase in the value of the member's benefits.
The substitute passed by voice vote in the House on March 12, 2007.
Referred to the House Rules Committee on March 5, 2007.
Amendment offered by Rep. Bill Fromhold, (D-Vancouver) (D) on March 12, 2007, to specify, consistent with the other service credit
purchase provisions changed in the bill, that the cost of
improving the value of past years of service for district and
municipal court judges in the Public Employees' Retirement
System (PERS) Plans 1 or 2 is 5 percent of the salary earned in
that year, plus interest, for each year purchased. Also
specifies that for supreme court, court of appeals, and
superior court judges in PERS Plan 3 the cost of improving past
service credit is 2.5 percent of salary plus interest for each
year purchased. The amendment passed by voice vote in the House on March 12, 2007.
Signed by Gov. Christine Gregoire on April 19, 2007.
1) 2007 House Bill 1649 (Authorizing the purchase of an increased benefit multiplier for past judicial service for judges in the public employees' retirement system and the teachers' retirement system.) by admin on January 1, 2001 Introduced in the House on January 24, 2007
The vote was 95 in favor, 0 opposed and 3 not voting