LEGISLATIVE
ALERT
Date: 1/19/06
The stuff that was hung on the Bills include the results that would give away control and use of the pension “excess funds”, (a new version of the word “surplus”). The Bills also would have the perceived effect of replacing the plan1 local disability boards. The earlier legislative effort also wants you to consent to these ideas by encouraging you to have one retiree and one active duty person serve on a committee with five state or other employer groups to come up with a way to solve the employers need for funds to pay their medical liabilities. The Bills also restart the active duty employees and the employer contributions of 6%. You already have in statute the benefits of disability boards and the employers are already on the hook for your medical needs. First Class Cities already had a prior act pension system. Their plan 1 people feel secure on the issue. The Bill language raises a concern for that security. Also in the Bills is a provision for restart of the pension contributions by 2007, something that would perhaps cause many earlier retirements than previously would be contemplated. What may have propelled the problem for us is the size of the surplus. The Legislature would like you accept these funds to be considered “excess” for easier swallowing. The size of surplus may be huge again. Facing the fund are several spousal laws that passed. Today’s No Cap Bills would also impact the fund, but we believe the health of our pension fund would still be good, if we do not consent to the raid, and if all four Bills fail, and no one writes an “emergency” appropriating emergency Bill that quickly grabs the greenback dollars. Therefore, the LEOFF 1 Coalition Board met today and unanimously
voted on the issue . “If
the Legislature wants to draft a Bill to remove the cap on the remaining
We have little time to object. Multiple Bills are in play, and the session is a short one that usually deals with ….M.O.N.E.Y. repairs of previous Legislative issues. You have money, what would you expect to hear? We can not write, publish, sort, and mail an Annual Report by snail mail in time to affect the problem above and other news. The Report will get out, but we must rely on electronic mail and your good nature to share with your LEOFF 1 associates, coffee groups, organized retiree groups, lunch groups. Passage of any of these Bills will trigger a response very quickly for us to go into a very major new fund raising mode for an effort to react the only way we have left. We have indeed retained as much a defense fund as possible to begin do what is reasonable and required. Experience has demonstrated that strategic planning and cash can be crucial to keeping our LEOFF 1 law and fund safe. This can be serious business. Be aware. Look for yourself on the State legislative site: www.leg.wa.gov/wsladm/default.htm Robert Monize, President The LEOFF I Coalition and its web designer assume no responsibility for the correctness of the information supplied herein or for opinions expressed. Material subject to editing. No portion of this site may be reproduced without written permission from the LEOFF I Coalition president, Bob Monize. |