Bill
HB 1459
Providing an annual adjustment in the public employees' retirement system and teachers' retirement system plan 1 benefits capped at $110 per month by adjusting the long-term investment rate of return assumption.
2023-2024 Regular Session
Introduced by Jess Bateman and 15 co-sponsors
Bill caps annual pension benefit increases at $110/month for Washington public employees and teachers by adjusting investment return assumptions in Plan 1 retirement calculations.
By resolution, reintroduced and retained in present status.