An error was made in DRS’s system that caused LEOFF 1 duty disability members and their survivors to have taxes withheld on lump-sum payments for any amount over $20,000. DRS is working to quickly resolve this issue and expect all accounts to be corrected and refunded no later than January 31. As of January 24 […]
Archive | 2021 Legislature
SB 5453 – its contents.
By Admin on February 22, 2021 in 2021 Legislature, LEOFF 1/TRS 1 Merger, Merger, Miscellaneous, SB 5453
Legislature makes a move on pension systems. As I write this article, we are dealing with a bill in the legislature that impacts both LEOFF 1 & 2. The bill is poorly constructed and has only one sponsor and, as such, may not survive to reach the floor. It is Senate Bill 5453 and is […]
5453 Research
By Admin on February 20, 2021 in 2021 Legislature, LEOFF 1/LEOFF 2 Merger, LEOFF 1/TRS 1 Merger, Merger, Miscellaneous, SB 5453
The following articles deal with merger issues. There are lots more on this site but these should provide some good background info. TRS Underfundinghttps://leoff1.net/2016/09/04/trs-underfunding/ By Admin on September 4, 2016 in 2016 Legislature, LEOFF 1/TRS 1 Merger, Merger One of the major concerns of LEOFF 1 members about the proposed TRS 1/LEOFF 1 merger is […]
2021 Legislature – Senate Ways & Means
Senate Ways and Means Committee Phone Email Christine Rolfes, (360) 786-7644 christine.rolfes@leg.wa.gov David Frockt, (360) 786-7690 david.frockt@leg.wa.gov June Robinson, (360) 786-7674 june.robinson@leg.wa.gov Lynda Wilson, (360) 786-7632 lynda.wilson@leg.wa.gov Sharon Brown, (360) 786-7614 sharon.brown@leg.wa.gov Jim Honeyford, (360) 786-7684 jim.honeyford@leg.wa.gov Mark Schoesler, (360) 786-7620 mark.schoesler@leg.wa.gov John Braun (360) 786-7638 john.braun@leg.wa.gov Reuven Carlyle (360) 786-7670 reuven.carlyle@leg.wa.gov Steve Conway (360) […]
Here we go again!
On Friday the 12th a new bill was dropped in the Senate.That bill, SB 5453, is the latest version of a merger.(Download the bill here.) This new plan would do the following: Merge TRS Plan 1 and LEOFF Plan 1 into a new retirement system, called “the merged LEOFF1/TRS1 retirement plan. Provides a $20,000 payment […]
A Roller Coaster Ride
The new session of the Legislature will commence on 1/11/2021. This is a three-month session and will be unique in that it will be mostly virtual via the Zoom platform. Many of you may have been using this to meet with grand kids and relatives during the Covid plague. Otherwise, it is fairly simple to […]