SB5738 allows retirees from Washington's public employee retirement systems to work up to 1,040 hours per year without losing pension benefits.

SB5738 amends Washington's retirement laws to allow retirees from the public employees' retirement system, teachers' retirement system, school employees' retirement system, and public safety employees' retirement system to work up to 1,040 hours per year without losing their pension benefits. This change applies to retirees who return to work more than one month after their accrual date. The bill also specifies that if a retiree works more than 1,040 hours in a year, their monthly retirement allowance will be reduced by 5.5% for every seven hours worked. The bill takes effect immediately.

SB5738 allows retirees from Washington's public employee retirement systems to work up to 1,040 hours per year without losing pension benefits.

SB5738 amends Washington's retirement laws to allow retirees from the public employees' retirement system, teachers' retirement system, school employees' retirement system, and public safety employees' retirement system to work up to 1,040 hours per year without losing their pension benefits. This change applies to retirees who return to work more than one month after their accrual date. The bill also specifies that if a retiree works more than 1,040 hours in a year, their monthly retirement allowance will be reduced by 5.5% for every seven hours worked. The bill takes effect immediately.