Cost-of-living adjustments for retirees in Washington's teachers' and public employees' retirement systems.

The bill provides cost-of-living adjustments for retirees in Washington's teachers' and public employees' retirement systems. It specifies that retirees receiving benefits from the teachers' retirement system plan 1 will receive increases in their monthly benefits starting from July 1, 2018, and continuing through 2026. Similarly, retirees from the public employees' retirement system plan 1 will receive increases starting from July 1, 2020, through 2026. The increases are calculated as a percentage of the beneficiaries' monthly benefit, with caps set at $62.50 and $110.00 respectively.

Cost-of-living adjustments for retirees in Washington's teachers' and public employees' retirement systems.

The bill provides cost-of-living adjustments for retirees in Washington's teachers' and public employees' retirement systems. It specifies that retirees receiving benefits from the teachers' retirement system plan 1 will receive increases in their monthly benefits starting from July 1, 2018, and continuing through 2026. Similarly, retirees from the public employees' retirement system plan 1 will receive increases starting from July 1, 2020, through 2026. The increases are calculated as a percentage of the beneficiaries' monthly benefit, with caps set at $62.50 and $110.00 respectively.