The LEOFF Plan 2 Retirement Board is holding a board meeting on Wednesday, April 24, 2019 starting at 9:30AM. During the legislative session board meetings consist of only legislative and administrative updates. Materials will be available on their website on Monday the 22nd: https://leoff.wa.gov/board-meeting/board-meeting-april-2019/ Meeting Location: Washington State Investment Board2100 Evergreen Park Drive SW, Suite […]
FOP Reports L1/L2 merger off.
Police and fire retirement system merger discussions cease Legislature still considering fund transfer to undefined benefit enhancement fund in advance of actuarial studies review By Tacoma Weekly Staff March 29, 2019 Washington State Fraternal Order of Police (WAFOP) received a statement indicating that discussions regarding a merger of Law Enforcement Officers’ and Fire Fighters’ Plan […]
WACOPS Update
Editor’s Note: WACOPS is essentially a lobbying organization that represents most of the Police Officers and Deputy Sheriffs in the state. COMPAS and FOP are similar and represents officers from Seattle, King County and some small jurisdictions. I post this information so that you will have a clear understanding of the concerns of our LEOFF […]
Merger Cancelled
We received the following email from Senator Van De Wege today: This is to let you know that the proposed LEOFF 1 and 2 merger will not be moving forward for the 2019 session. There will be no more stakeholder meetings. The meeting this Friday, March 29th, is cancelled. I would like to thank everyone […]
L2 Board to meet Wednesday, March 27th
Please see the information about the meeting at https://leoff.wa.gov/wp-content/uploads/032719_BoardMtg.pres_.pdf This meeting will deal with the proposed $300 million transfer to the Benefit Enhancement Account and the proposed LEOFF 1/LEOFF 2 merger.
2nd Stakeholder Meeting
The second stakeholder meeting for the LEOFF 1/LEOFF 2 merger proposal was held on March 22, 2019. As with the first meeting it was well attended but as with the first meeting nothing was accomplished. It is just about impossible to have a meeting with 20 or 30 people and accomplish anything when dealing with […]
Some Unanswered Questions
Here are three sets of answers in response to Senator Van De Wege’s request prior to the March 22nd stakeholder meeting. None of the answers were seriously discussed and no answers were provided–at least no satisfactory answers. Greeting Senator Van De Wege, Thank you for your inquiry. Unfortunately, I will be unable to attend the […]
State Revenue Projections
OLYMPIA — As lawmakers prepare to unveil their supplemental budget proposals next week they received good news Thursday about state revenue projections that look to increase by about $1.3 billion more than expected through 2021. The numbers released by the Office of Financial Management at a meeting of the Economic and Revenue Forecast Council showed […]
Merger Review
(Download a PDF version of this article.) At the first stakeholder meeting on March 14, 2019 we were presented with the latest version of the proposed LEOFF 1/LEOFF 2 merger. The document is titled “LEOFF MERGER DRAFT” is essentially the same as the version first circulated on February 23, 2019. Various versions of this proposal […]
DRS to Release Info
Notice to retirees – public records request Posted 15-Mar-2019 (Editor’s Note: I would not be particularly concerned about this. These types of requests are common and some newspapers gather and publish this type of information on a regular basis.) The Department of Retirement Systems has received a public records request for information about individuals who […]