Bill
HB 2124
Concerning the threshold for payment of a lump sum retirement allowance in lieu of a monthly benefit.
2025-2026 Regular Session
Introduced by Adam Bernbaum and 10 co-sponsors
HB 2124 adjusts the pension lump sum payment threshold for Washington public employees, allowing more or fewer retirees to receive accumulated benefits as single payments instead of monthly annuities.
Effective date 6/11/2026.