Providing members of the teachers' retirement system plan 3 and school employees' retirement system plan 3 that were never offered a choice of plan 2 the opportunity to irrevocably transfer to plan 2 for future service.

 S-0650.1

SENATE BILL 5718

State of Washington

69th Legislature

2025 Regular Session

By Senators Lovick, Cortes, and C. Wilson

Read first time 02/10/25. Referred to Committee on Ways & Means.

AN ACT Relating to providing members of the teachers' retirement system plan 3 and school employees' retirement system plan 3 that were never offered a choice of plan 2 the opportunity to irrevocably transfer to plan 2 for future service; adding a new section to chapter 41.32 RCW; adding a new section to chapter 41.35 RCW; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. A new section is added to chapter 41.32 RCW under the subchapter heading "plan 3" to read as follows:

(1) Any plan 3 member who joined plan 3 between July 1, 1996, and June 30, 2007, and as a result was never offered the opportunity to choose between plan 2 and plan 3, may make an irrevocable choice to transfer to plan 2 during any January after the effective date of this section for purposes of future service, provided that the member earns service credit for that month.