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User Not Found | Feb 03, 2017
A bill requested by the Select Committee on Pension Policy would allow new government employees the option of opting out of retirement system membership if the employee is age 60 or older when first hired.
A bill requested by the Select Committee on Pension Policy would allow new government employees the option of opting out of retirement system membership if the employee is age 60 or older when first hired. The bill would allow a one-time opportunity for an employee to opt out if they meet the age threshold when hired and they have had no prior service with any state retirement system. An option to opt out would also be provided for a qualifying employee if their employer opts into participating in the Public Employees’ Retirement System (PERS).
HB 1708 and SB 5276 are sponsored, respectively, by Rep. Bruce Chandler (R-Sunnyside) and Sen. Barbara Bailey (R-Whidbey Island). HB 1708 is scheduled for hearing in the House Appropriations Committee on February 8 at 3:30 pm.