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The Select Committee on Pension Policy met on Tuesday, October 18, 2016.  On the Agenda was an update of TRS 1/LEOFF 1 Merger Study.  As with most of these updates there was little new information.  The exception for this meeting is that the first legal review of the merger proposal from the Attorney General’s Office was presented and the Actuary’s Office provided an updated version of the Fiscal Note for SB 6668.
Audio of the meeting:
Video of the meeting:   (between 47:20 and 1:19:30)
Note that the video shows only the committee and no slides or presenters.  The audio works better than the video because it is easier to move about on the timeline.

SCPP Meeting Agenda - October 18, 2016 - Reminder

At the October 18 meeting, the SCPP will receive progress updates on the merger analysis from the Office of the State Actuary, the Attorney General’s Office, and the Department of Retirement Systems. The LEOFF 2 Board is meeting concurrently with the October SCPP meeting, so the LEOFF 2 Board staff will present its update in November. No preview of meeting materials will be available this month.

See the SCPP merger web site.
The merger study continues. The SCPP committee meets, we testify and request IRS rulings, attorney general opinions and ask  how the sponsors of the bill SB 6668 arrived at the $5,000.00 to be paid to each member when the merger is completed, but we get no answers. We have had three round table discussions, raising many issues and several questions, but answers never seem to be on the agenda.

SCPP Meeting Agenda - October 18, 2016

Pension Policy, Select Committee - 10/18/2016 10:00 a.m.

Full Committee
House Hearing Rm B
John L. O'Brien Building
Olympia, WA

REVISED ON 10/4/2016 AT 4:17 PM


  1. Approval of Minutes.
  2. WSIB Update.
  3. Merger Study.
    1. AAG Update.
    2. DRS Update.
    3. Actuarial Update.
    4. Policy Update.
  4. Break.
  5. Preliminary 2017 Meeting Dates.
  6. WSPRS Study.
  7. Plans 1 COLA: Initial Briefing.
  8. Work Session with Possible Public Hearing: Plan Membership Default.

For further details, please visit the SCPP web site at Meeting start time is subject to change depending on the needs of the Committee.

Pension Policy, Select Committee - 10/18/2016 1:30 p.m.

Executive Committee
House Conf. Rms. B15/18
John L. O'Brien Building
Olympia, WA

REVISED ON 10/4/2016 AT 4:17 PM


  1. Approval of Minutes.
  2. AAG Update.
  3. Optional Discussion of Today's Full Committee Items.
  4. Constituent Correspondence.
  5. November Meeting Agenda.
  6. Discussion/Other Business.
    1. State Actuary Performance Review (Possible Executive Session).

Meeting start time is subject to change depending on the needs of the Committee.

The LEOFF 2 Board met on September 21, 2016.  They had a long agenda but we will focus on the portion dealing with the merger issue. There was nothing new on the merger issue except that Steve Nelson of the LEOFF 2 Board did a complete and detailed discussion of the issues. He really demonstrated how complicated the matter is.

One additional presentation from the State Investment Board should be of interest to LEOFF 1 members since they are in charge of investing our pension funds.
September 20th was supposed to be a day when some of the merger study report would be revealed.  Alas, it was not to be. Rather it was just a rehash of the study results with no answers to any of the over 1400 questions posed to the committee.  It is becoming increasingly clear that this study of the LEOFF 1/TRS 1 merger will severely lacking.  So far the Select Committee has received no information on which to base any kind of report.  They just know there are lots of questions.  Click here for the report.


September 21, 2016 - 9:30AM

The next LEOFF Plan 2 Retirement Board meeting is Wednesday September 21st, 2016 at 9:30AM. Public attendance is welcomed.  Meeting materials will be available on our website to view on Monday, September 19th.

The meeting will be held at:

Washington State Investment Board
Large Conference Room 
2100 Evergreen Park Drive SW, Suite 100
Olympia, WA 98502 

I am pleased to report that the 9 month long struggle to get Snohomish Co. FPD #1 to reimburse their LEOFF 1 members for Medicare A premium is over. At the Commissioner meeting on Sept.6 the commissioners voted 4-1 in favor of a resolution to reimburse. In addition they agreed to reimburse retroactively one member who has been paying his own premiums for these many months. The members will however be required to apply for Med. A under their spouse when the spouse becomes eligible. We view this as a win-win and encourage other agencies to do the right thing and follow the example of District 1 Commissioners.
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