ESHB 1057 — Providing a benefit increase to certain retirees of the public employees' retirement system plan 1 and the teachers' retirement system plan 1.

What this bill does

Provides a one-time, 3 percent increase to the retirement benefits of retirees in the Public Employees' Retirement System and the Teachers' Retirement System Plan 1, up to $110 per month. Directs the Select Committee on Pension Policy to study and recommend an ongoing cost-of-living adjustment during the 2023-2025 fiscal biennium.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• House — 3rd Reading & Final Passage · March 1, 2023
  96 yea · 0 nay · 2 not voting

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Other bills sponsored by Stokesbary

• HB 1055 — Concerning public safety employees' retirement plan membership for public safety telecommunicators.
• SHB 1056 — Repealing some postretirement employment restrictions.
• EHB 1336 — Splitting the volunteer firefighters' and reserve officers' relief and pension principal fund into two accounts.