LEOFF II Reform is NOT DEAD.   But... it is in trouble.  The reform bills had 62 sponsors in the house and senate but did not make it out of the Joint Committee on Pensions and Policy.   WE NEED YOUR SUPPORT for this extremely important piece of legislation.  If you've been one of those guys that just looks and lets someone else doing the writing now is the time to start banging out a letter to you legislators. 

LEOFF II Reform would:

Reduce the current actuarial penalty for age 50 retirement from 8% to a more reasonable 2% per year. Allow Age 50 retirement after 15 years service. Reduce the final average salary from the monthly average of the 60 consecutive highest paid service credit months to the highest 24 consecutive service credit months.

This reform would:

• Reduce the actuarial penalty for members who choose or are forced to separate from service at age 50 from an unreasonable 40% penalty to a manageable 10%.
• Require members to reach 50 years of age and attain 15 years of service to be eligible.
• Provide a tangible benefit to all LEOFF II members.
• Provide a more predictable calculation for service retirement benefits.
• Still return 107.4 million dollars to the State's General Fund.  The State would continue to contribute 20% of the total benefit cost -- 12.6 million dollars for the 1999-2001 biennium.
• Still return nearly 5 million dollars to employers.  The employers would continue to contribute 30% of the total benefit cost.