Article XXIX.
Investments of Public Pension and Retirement Funds

Section 1. May be Invested as Authorized by Law

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19851968

May Be Invested As Authorized By Law

Notwithstanding the provisions of sections 5, and 7 of Article VIII and section 9 of Article XII or any other section or article of the Constitution of the state of Washington, the moneys of any public pension or retirement fund or industrial insurance trust fund may be invested as authorized by law.

Summary: Allows State industrial insurance (Worker's Compensation) Funds to be invested according to laws that authorize such investments.

Election Date: November 5, 1985

Votes For Ratification: 582,471

Votes Against Ratification: 233,628

Percent for Ratification: 71%

Percent Against Ratification: 29%

Notes:

Amendment Source: 1985 HJR 12

Effective Date Source: https://www.sos.wa.gov/elections/data-research/history-laws-and-litigation/constitutional-amendment-...

19851968

May be Invested as Authorized by Law

Notwithstanding the provisions of sections 5, and 7 of Article VIII and section 9 of Article XII or any other section or article of the Constitution of the state of Washington, the moneys of any public pension or retirement fund may be invested as authorized by law.

Summary: Adds a new article and section, allowing public pension and retirement funds to be invested in ways authorized by law.

Election Date: November 5, 1968

Votes For Ratification: 770,325

Votes Against Ratification: 298,788

Percent for Ratification: 72%

Percent Against Ratification: 28%

Notes: New Section

Amendment Source: 1967 SJR 5

Effective Date Source: https://www.sos.wa.gov/elections/data-research/history-laws-and-litigation/constitutional-amendment-...