LEOFFLaw Enforcement Officers and Fire Fighters (pension system; Washington state)
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Or text LEOFF followed by a space and then your answer, name, address, age and telephone number to 84080.
The suit charges that state action terminating the first LEOFF 1 and moving 76 percent of an approximate $500 million surplus into a state general reserve fund violates state law.
The lawmakers singled out the LEOFF 1 fund surplus, although the State of Washington Department of Retirement Systems administers a dozen plans, most holding surpluses.
The state legislature selected the LEOFF 1 fund for raiding for political reasons.
Created in 1969, the LEOFF 1 has long been designated as a fund for the exclusive benefit of police officers and firefighters.
Several times in the past, legislature ordered interest earnings on the LEOFF 1 fund paid to beneficiaries.