The bill amends RCW 41.05.011 to clarify the definitions related to the participation of separated plan 2 members of certain retirement systems in insurance plans and contracts. Key changes include the definition of "separated employees," which now specifies that individuals who separate from employment under certain retirement systems and meet age and service requirements can participate in these insurance programs. The bill introduces new criteria for eligibility, allowing those who have at least 20 years of service under the teachers' retirement system plan 2, the Washington school employees' retirement system plan 2, or the public employees' retirement system plan 2 to qualify.
Additionally, the bill establishes an effective date of January 1, 2024, for these changes. This legislative action aims to enhance the benefits available to retired or separated employees, ensuring they have access to necessary insurance plans as they transition from active employment. The amendments reflect a commitment to support public employees and school employees in their post-employment health care needs.
Statutes affected: Original Bill: 41.05.011
Bill as Passed Legislature: 41.05.011
Session Law: 41.05.011