Thursday, April 25, 2024

Legislative News

COLA, PEBB Month of Death Bill Pass Legislature

COLA, PEBB Month of Death Bill Pass Legislature On the evening of Wednesday, February 28, the Washington State Senate unanimously passed Substitute House Bill 1985 and House Bill 2481, RPEC’s top priority bills.  As identical versions of both bills were previously passed by the Washington State House of Representatives, both pieces of legislation have secured final passage and will now …

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COLA Bill and Month of Death Bills Continue to Advance

COLA bill and Month of Death bills continue to advance through the legislative process This last week, H.B. 1985 (one time cost of living adjustment in 2024 for PERS/TRS 1 retirees) received a unanimous House vote.  The bill has been advanced to the Senate Ways & Means Committee for consideration.  We thank all RPEC members, as well as the members …

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Retiree Priorities Make Progress & Concessions

Retiree Priorities Make Progress & Concessions On Thursday, January 25th, the House Appropriations Committee unanimously passed House Bill (HB) 1985, providing a one-time 3% cost-of-living adjustment (COLA) for Plan 1 retirees. However, citing a tight budget, the committee amended the bill to reduce the maximum monthly benefit from $125 to $110. Under the $110 cap, 84% of eligible Plan 1 …

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RPEC Bills Receive Hearing in House Appropriations

RPEC Bills Receive Hearing in House Appropriations On Monday, January 15th, three of RPEC’s priority bills received hearings. As of distribution of this week’s NewsFlash, only one (HB 2013) has been scheduled for Executive Session. Here’s an update on our priority bills: HB 1985 (One-time COLA for PERS/TRS 1 Retirees): This bill, sponsored by the Select Committee on Pension Policy, will …

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