Key Votes
SB 6378 - Amends State Employee Pension System - Key Vote
Washington Key Votes
Donald Benton voted Nay (Passage) on this legislation.
Read recent statements Donald Benton made in this general time period.
Stages
- May 2, 2012 Executive Signed
- April 10, 2012 Passage
- April 10, 2012 Senate Bill Passed
- March 2, 2012 Senate Bill Passed
- Jan. 19, 2012 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - May 2, 2012
Title: Amends State Employee Pension System
Legislation - Passage (House) (56-42) - April 10, 2012 (Key vote)
Title: Amends State Employee Pension System
Vote to pass a bill that amends the state employee pension system for employees who choose to retire before the age of 65.
- Amends the alternative early retirement plan for individuals employed on or after May 1, 2013, who are at least 55 years of age and have 30 years of service years by increasing the benefits reduction rate from 3 percent to 5 percent per year to reflect the difference in the number of years between the age at retirement and the attainment of age 65 (Sec. 1).
- Decreases the assumed investment rate of return of the state's pension system from 8 percent to the following (Sec. 7):
- 7.9 percent starting July 1, 2013;
- 7.8 percent starting July 1, 2015; and
- 7.7 percent starting July 1, 2017.
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Legislation - Bill Passed (Senate) (27-22) - April 10, 2012 (Key vote)
Title: Amends State Employee Pension System
Vote to pass a bill that amends the state employee pension system for employees who choose to retire before the age of 65.
- Amends the alternative early retirement plan for individuals employed on or after May 1, 2013, who are at least 55 years of age and have 30 years of service years by increasing the benefits reduction rate from 3 percent to 5 percent per year to reflect the difference in the number of years between the age at retirement and the attainment of age 65 (Sec. 1).
- Decreases the assumed investment rate of return of the state's pension system from 8 percent to the following (Sec. 7):
- 7.9 percent starting July 1, 2013;
- 7.8 percent starting July 1, 2015; and
- 7.7 percent starting July 1, 2017.
NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Legislation - Bill Passed (Senate) (25-24) - March 2, 2012
Legislation - Introduced (Senate) - Jan. 19, 2012
Title: Amends State Employee Pension System
Sponsors
- Michael Baumgartner (WA - R)
- Linda Rae Evans Parlette (WA - R)
- Andy Hill (WA - R)
- Rodney Tom (WA - D)
- Joseph P. Zarelli (WA - R) (Out Of Office)
