Archive | 2016 Legislature

Information from the 2016 legislative session.

Treachery

Published 09/18/2016 It is not uncommon to hear our elected officials heap praise onto the first responders.  Of course this is always more common around September 11th and other major events where a police officer or fire fighter has sacrificed his or her life trying to save someone else.  Of course the praise fades quickly when […]

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Merger Roundtable August 30 Report

On Tuesday, August 30, 2019 the 2nd Roundtable Meeting on the proposed TRS 1/LEOFF 1 merger was held in Olympia. Who was there? About thirty people attended. The principal speaker was the State Actuary, Matt Smith.  Also in attendance was Ann Hall the assistant Attorney General assigned to the Select Committee on Pension Policy (SCPP), […]

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TRS Underfunding

One of the major concerns of LEOFF 1 members about the proposed TRS 1/LEOFF 1 merger is the failure of the legislature to properly fund the TRS 1 pension plan.  In fact, the under funding has been so bad that there is no reason to expect the legislature will address these issues in the future.  […]

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California court opens door to changing public employee pensions

August 22, 2016 BY DAN WALTERS dwalters@sacbee.com California’s perpetual debate over public employee pensions has always revolved about what’s called the “California rule” – a series of court decisions that seemingly prohibit any changes in pension benefits once they are granted. The debate has intensified in recent years as the California Public Employee Retirement System […]

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A Member’s Thoughts on SB-6668

Editor’s Note:  The following is from an email circulated by Bradd Reynolds, PD Centralia Retired LEOFF1.  I am posting it without edits but want to encourage readers to recognize there are some errors and misstatements.  They are minor but can serve as an alert to double check on all you read — that includes the […]

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SB 6668 – Why?

On February 24, 2016 SB 6668 was introduced.  It seems a simple proposition designed to mend a serious unfunded liability in the Teachers Retirement System Plan 1 (TRS 1).  That system has a significant deficit and is funded only at the level of 69%. The bill proposed to take all of the money out of […]

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