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Urging
Lawmakers to follow their own laws
The
LEOFF I Coalition will take whatever steps necessary to prevent
any attempt to terminate or restate RCW 41.26, the LEOFF I Law.
Our official position is that the LEOFF I pension funds are assets
held in trust for pensions and pension benefits. The enabling
legislation was passed into law with the intent and goal of using
the pension fund and any surplus to fund, to the extent possible,
benefit increases for Plan I members
Furthermore,
employer contributions to the LEOFF I pension fund are considered
deferred compensation and are part of the pension trust. Therefore,
employers should not share in the pension surplus.
We
urge you to repeat this message to your elected legislators, the
Governor, and your brothers and sisters in LEOFF I.
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