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Bill would let LEOFF Plan 2 members retiring after an authorized leave buy two years of service credit
Summary
Senate Bill 5306 would allow LEOFF Plan 2 members who retire after an authorized leave of absence to purchase up to two years of service credit (the same option previously limited to members who return to work); the retirement board said the change affects only a small number of members annually and is not expected to affect contribution rates.
Senate Bill 5306, presented to the Senate Ways & Means Committee at the request of the LEOFF Plan 2 Retirement Board, would allow a LEOFF Plan 2 member who retires instead of returning to work after an authorized leave of absence to purchase up to two years of service credit under the same…
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