Loading chat...
WA SB5862
Bill
Status
3/12/2026
Primary Sponsor
Perry Dozier
Click for details
AI Summary
-
Provides a 3% cost-of-living adjustment (COLA) effective July 1, 2026, for Plan 1 retirees of both the Teachers' Retirement System (TRS) and Public Employees' Retirement System (PERS)
-
Removes the previous $110.00 monthly cap on COLA increases, allowing the full 3% increase to apply to beneficiaries' monthly benefits without limitation
-
Applies to beneficiaries receiving monthly benefits as of July 1, 2025
-
Excludes certain beneficiaries receiving benefits under specific disability or survivor provisions (RCW 41.32.489, 41.32.540, and 41.40.1984)
-
Takes effect July 1, 2026
Legislative Description
Providing a cost-of-living adjustment for plan 1 retirees of the teachers' retirement system and public employees' retirement system.
Last Action
Delivered to Governor.
3/12/2026