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Politics Northwest

The Seattle Times political team explores national, state and local politics.

Topic: pension system

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February 25, 2013 at 3:51 PM

Senate Ways and Means hears bill to replace state pension system

OLYMPIA — The state Senate Ways and Means Committee heard a bill Monday that would place new public workers and existing employees younger than age 45 into a 401-K type retirement plan, instead of the existing state pension system. Under the proposal, Senate Bill 5856, the state would move to a defined contribution plan…

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