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Votes at a glance: Oct. 8 Pension Funding Council actions
Summary
The Pension Funding Council on Oct. 8 took three formal actions: it voted to maintain current prescribed long-term economic assumptions (4-2), it voted to keep the WA Cares premium at 0.58% (6-0), and it elected Katie Chapman C. as chair (6-0).
The Pension Funding Council recorded three formal motions and roll-call outcomes during its Oct. 8 meeting.
1) Long-term economic assumptions Representative Tim Ormsby moved that the council maintain the current prescribed long-term economic assumptions. The motion was seconded by Senator June Robinson. Roll-call (as read aloud at the meeting) produced 4 ayes and 2 nays; the motion passed. (Roll call as read: Director Chapman C. ' Aye; Director Leathers ' Aye; Representative Ormsby ' Aye; Representative Patur ' Nay; Senator Robinson ' Aye; Senator Gildan ' Nay.)
2) WA Cares premium rate Representative Ormsby moved (seconded by Senator Robinson) to adopt the recommended WA Cares contribution rate of 0.58% (statutory rate). The council approved the motion on roll call, 6 ayes, 0 nays. (Roll call as read: Director Chapman C. ' Aye; Director Leathers ' Aye; Representative Ormsby ' Aye; Representative Couture ' Aye; Senator Robinson ' Aye; Senator Gildan ' Aye.)
3) Election of chair A motion to elect Katie Chapman C. as chair was moved and seconded; the roll call recorded 6 ayes, 0 nays and the council elected Chapman as chair.
Notes on records and provenance: Votes and tallies were read aloud during the meeting and recorded in the meeting transcript. If staff or the council require formal certified minutes for statutory or audit purposes, those should be consulted for signature and the official roll-call record.
Source: Oct. 8 Pension Funding Council meeting transcript and staff roll-call statements.
