File #: 2002-0156    Version: 1
Type: Motion Status: Passed
File created: 4/15/2002 In control: Budget and Fiscal Management Committee
On agenda: Final action: 7/15/2002
Enactment date: Enactment #: 11467
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.
Sponsors: Larry Phillips
Indexes: Retirement, Washington, State of
Attachments: 1. Motion 11467.pdf, 2. 2002-0156 Revised Staff Report, 3. 2002-0156 Revised Staff Report.doc, 4. 2002-0156 Staff Report 7-10-02.doc, 5. 2002-0156 transmittal letter.doc, 6. A. Proviso Response Regarding PERS 3 Educators
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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