Drafter
Clerk 04/03/2002
title
A MOTION related to education of county employees about the Public Employees' Retirement System Plan 3 retirement option; responding to a 2002 budget proviso.
body
WHEREAS, the Washington state legislature has expanded the Public Employees' Retirement System (PERS) to include a new Plan 3, potentially affecting eleven thousand employees currently enrolled in Plan 2; and
WHEREAS, implementation of Plan 3 will require extensive communication and education of employees eligible to transfer from Plan 2 to Plan 3 to ensure they are fully aware of the financial and other potential impacts of exercising their option to transfer, and
WHEREAS, the 2002 adopted budget included one hundred twenty-two thousand dollars to the employee benefits program for such communication and education efforts, provided a report containing a budget, schedule and justification for the expenditure of funds is provided to the council's budget and fiscal management committee;
NOW, THEREFORE, BE IT MOVED by the Council of King County:
The county executive has fully complied with the 2002 budget proviso. A copy of the report is attached to and is incorporated into this motion by reference.
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