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Legislation watch
2019 House Bill 1661: Concerning the higher education retirement plans
Introduced by Rep. Bruce Chandler (Yakima) (R) on January 28, 2019
Referred to the House Appropriations Committee on January 28, 2019
Received in the Senate on March 14, 2019
Referred to the Senate Ways & Means Committee on March 14, 2019
Referred to the Senate Rules Committee on April 5, 2019
Received in the House on January 13, 2020
Referred to the House Appropriations Committee on January 13, 2020
Substitute offered in the House on January 30, 2020
Establishes institution-specific contribution rates for the Higher Education Retirement Plan Supplemental Benefits (HERPSB) and provides for a biennial schedule for the rates to be revised by the Pension Funding Council (PFC).
Received in the Senate on February 17, 2020
Referred to the Senate Ways & Means Committee on February 17, 2020
Referred to the Senate Rules Committee on March 3, 2020
Amendment offered by Sen. Christine Rolfes (Kitsap County) (D) on March 6, 2020
Modifies the intent section. Makes corrections to dates and the name of the fund. Removes duplicative provisions. Provides that interest earned is retained rather than transferred to the General Fund. Removes the emergency clause.
The amendment passed by voice vote in the Senate on March 6, 2020
Received in the Senate on March 11, 2020
Received in the House on March 12, 2020
Signed by Gov. Jay Inslee on March 25, 2020