by Richard Warbrouck President, RFFOW The Select Committee on Pension Policy (SCPP) is a standing legislative interim subcommittee. The committee members are legislators from the House and Senate and members from employee and employer organizations, and retiree groups appointed by the Governor. The committee is empowered to meet during the interim, between legislative sessions to […]
Author Archive | Admin
Fixing Initiative 940
It is important for the Legislature to fix initiatives that don’t work as intended, but it is just as important that we follow the law when we do it. This is the real lesson of Initiative 940. This measure, approved by voters last November, imposes new rules on police use of deadly force. More than […]
Cases could open door to pension cuts for California workers
By JONATHAN J. COOPER , Associated Press SACRAMENTO, Calif. (AP) — For decades in California, a sacrosanct rule has governed public employees’ pensions: Benefits promised can never be taken away. But cases before the state Supreme Court threaten to reverse that premise and open the door to benefit cuts for workers still on the job. […]
SCPP Meeting Report – December 11, 2018
Currently, only active or retired Prior Act, LEOFF 1, and LEOFF 2 firefighters employed by or retired from the city, county, or fire protection district are eligible to be elected to a pension or disability board. Only those covered by the jurisdiction of the board are eligible to vote. Some boards are facing difficulty in […]
Disability Board Issues
The following is from a letter discussing the structure and current problems with Disability Boards. The central problem is that the number of LEOFF 1 members decline it is becoming increasingly difficult for small jurisdictions to find qualified LEOFF 1 active or retired members to serve on the Boards. In the last session of the […]
Select Committee | December 11, 2018 Agenda
Pension Policy, Select Committee – 12/11/2018 10:00 AM Note that the subject of LEOFF 1 Disability Boards will be on the Agenda. Full Committee House Hearing Rm B John L. O’Brien Building Olympia, WAAgenda: Approval of November Minutes.Public Hearing with Possible Executive Action: Managing Future Dolan-Type Unfunded Liabilities. Retire-Rehire Proposal. Work Session with Public Testimony […]
RFFOW President’s Message | November 2018
By Richard Warbrouck, RFFOW President As you can see from the graph below, the projected LEOFF I membership is on a decline and picking up speed between the years 2022 and 2025. This first appears to be down the road or in the future, but wait a minute, just think back a couple of years […]
Washington State Investment Board returns 10% for fiscal year
By Rob Kozlowski · October 16, 2018 11:46 am (See the article and more at https://www.pionline.com/article/20181016/ONLINE/181019889/washington-state-investment-board-returns-10-for-fiscal-year) Washington State Investment Board’s $101.3 billion commingled trust fund returned a net 10.04% for the fiscal year ended June 30, topping its custom benchmark by 37 basis points, a report on the Olympia-based board’s website said. For the three, […]
LEOFF 2 Board | October 24th
The LEOFF Plan 2 Retirement Board is holding a board meeting on Wednesday, October 24th at 8:30 AM. Please note the earlier start time as this is our annual strategic planning meeting. Materials will be available the LEOFF 2 website on Monday, October 22nd. Meeting Location: Washington State Investment Board 2100 Evergreen Park Drive SW, […]
Election 2018
My ballot just arrived. I am not going to enter into a listing of how folks should vote, but there is one race that should concern every member of LEOFF I. That is in the 5th Congressional District that pits Lisa Brown against Cathy McMorris Rodgers. Rodgers is the incumbent. I am urging everyone int […]