WA SB5834

Removes the temporary 2025-2027 fiscal biennium restriction on paying administrative expenses from retirement system trust fund earnings, making this authority permanent

Applies to eight state retirement systems: public employees', teachers', Washington state patrol, judicial, judges', school employees', public safety employees', and law enforcement officers' and firefighters' retirement systems

Authorizes the director to use trust fund interest earnings for legal, medical, and administrative expenses that protect against losses or ensure compliance with fund statutes

Defines covered administrative expenses to include audits, cybersecurity, petition decisions, attorney general liaison work, and other loss prevention activities

Permits payment from trust fund earnings for fraud investigation and overpayment collection costs, with recovered funds returned to the appropriate trust funds