The Select Committee on Pension Policy’s executive committee approved a draft October agenda that staff structured around upcoming reports and legal memos, and reviewed a draft 2025 interim work plan.
Melinda Ozlockson, staff to the committee, walked members through the draft interim work plan, which projects October items to include the state actuary’s assumption recommendations playback, a LEHI‑1 policy briefing and Ice Miller panel (pending memos), and DRS’s annual benchmarking report. She also previewed November items including Washington State Investment Board and DRS annual updates, and a potential LEHI‑1 final report. "You can see projected the 2025 draft interim work plan," Ozlockson told the committee.
Members approved the October agenda by voice vote; a member asked staff to provide contribution‑history tables that are already included in the draft report and will be updated before the next meeting. Members agreed to receive a PFC action update by email rather than taking time on the October agenda. The committee also discussed whether to hold a December meeting for an informational session on excess compensation (sometimes described as "pension spiking") and left that decision for executive session in October.
Jacob White, representing the LEHI‑2 board, told the committee LEHI‑2 will receive an educational briefing later this month on overtime and excess compensation and that the board will share any relevant feedback with the committee. "There's no issues this year that we're coordinating with the select committee, but did wanna touch on a month of death," White said, referencing a related policy item the committee has considered previously.
Staff will finalize the October agenda and circulate the PFC update by email; the committee scheduled placeholders in November for fiscal and legal briefings and left a December meeting as conditional.