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Tag: Marty Brown

July
25th

State pension contributions to rise; state cost $390 million

UPDATED: Washington state’s Pension Funding Council voted Wednesday to recommend higher contribution rates for several state pension plans. The moves ultimately affect state and local government employers as well as workers, and the changes had mostly been assumed, according to Matt Smith, state actuary.

Smith had outlined options in an earlier report. You can see the many new rates here. Option B was selected, which means rates go up for most plans but remain the same for the Washington State Patrol Retirement System and Public Safety Employees Retirement System (which had faced

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Dec.
5th

Washington state budget director Marty Brown sends letter to lawmakers urging quicker action on solving budget shortfall

Marty Brown, the director of the state Office of Financial Management, is urging lawmakers in their second week of special session, to take action soon on Gov. Chris Gregoire‘s proposal to solve a $2 billion budget gap.

Brown, a former Senate staff member and has served as budget director under both Gregoire and former Gov. Gary Locke, said the current proposal requires cuts to be ready to implement next month.

“If we go to February or later our assumed savings drop and other more difficult decisions need to be made,” Brown wrote. His comments come in the wake of statements

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