WashingtonPlan 1 retirees would receive capped monthly benefit increases
Starting July 1, 2026, eligible Plan 1 beneficiaries in two state retirement systems would receive a 3 percent monthly benefit increase capped at $110.
What it does
Teachers’ retirement system Plan 1 beneficiaries receiving benefits on July 1, 2025, would get a 3 percent monthly increase starting July 1, 2026, capped at $110.
Public employees’ retirement system Plan 1 beneficiaries receiving benefits on July 1, 2025, would get a 3 percent monthly increase starting July 1, 2026, capped at $110.
Argument forA capped monthly increase could help eligible retirees keep up with rising living costs.
Argument againstRetirees with larger benefits may receive less than a full 3 percent increase because the adjustment is capped at $110 monthly.
More detail
Eligible beneficiaries would receive a 3 percent increase in their monthly benefit, capped at $110. This applies to people receiving a monthly benefit from the teachers’ retirement system Plan 1 on July 1, 2025. The increase is calculated from the beneficiary’s monthly benefit. The increase does not apply to people receiving benefits under RCW 41.32.489 or RCW 41.32.540. The increase would take effect July 1, 2026.
Eligible beneficiaries would receive a 3 percent increase in their monthly benefit, capped at $110. This applies to people receiving a monthly benefit from the public employees’ retirement system Plan 1 on July 1, 2025. The increase is calculated from the beneficiary’s monthly benefit. The increase does not apply to people receiving benefits under RCW 41.40.1984. The increase would take effect July 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 30Effective date 7/1/2026.Latest
- Mar 30Chapter 248, 2026 Laws.Major
- Mar 30Governor Bob Ferguson signed.Became Law
- Mar 12Delivered to Governor.To Governor
- Mar 11Speaker signed.Passed House
- Mar 9President signed.Passed Senate
- Mar 6Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.Minor
- Vote recorded 3rd Reading & Final Passage (#12). Result: pass.Lower
- Mar 6Rules suspended. Placed on Third Reading.Minor
- Mar 4Rules Committee relieved of further consideration. Placed on second reading.Minor
- Mar 2Referred to Rules 2 Review.Minor
- Mar 2APP - Majority; do pass.Minor
- Mar 2Executive action taken in the House Committee on Appropriations at 10:30 AM.
- Feb 26Public hearing in the House Committee on Appropriations at 1:30 PM.
- Feb 17First reading, referred to Appropriations.Minor
- Feb 13Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.Minor
- Vote recorded 3rd Reading & Final Passage (#27). Result: pass.Upper
- Feb 13Rules suspended. Placed on Third Reading.Minor
- Feb 131st substitute bill substituted (WM 26).Major
- Feb 10Placed on second reading by Rules Committee.Minor
- Feb 9Passed to Rules Committee for second reading.
- Feb 9Minority; without recommendation.Minor
- Feb 9WM - Majority; 1st substitute bill be substituted, do pass.Major
- Feb 9Executive action taken in the Senate Committee on Ways & Means at 10:30 AM.
- Feb 5Public hearing in the Senate Committee on Ways & Means at 1:30 PM.
- Jan 12First reading, referred to Ways & Means.Minor
- 2025
- Dec 9Prefiled for introduction.Introduced
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