Merges three closed Washington state retirement plans into a new legacy retirement system.
Washington SB5085 merges the law enforcement officers' and firefighters' retirement system plan 1, the teachers' retirement system plan 1, and the public employees' retirement system plan 1 into a new legacy retirement system. The merger aims to improve the funded status of the plans, provide an ongoing funding source for the law enforcement officers' and firefighters' retirement system plan 1, and offer cost-of-living adjustments to beneficiaries of the teachers' and public employees' retirement system plans 1.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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