Senate2023-24 sessionFiscal note

SB 5350 — Providing a benefit increase to certain retirees of the public employees' retirement system plan 1 and the teachers' retirement system plan 1.

Signed into law — Chapter 397, Laws of 2023

Sponsor
Conway
Introduced
January 12, 2023
Status
C 397 L 23
Last action
Effective date 7/1/2023. (May 9, 2023)

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 — Final Passage as Amended by the House · April 12, 2023
    97 yea · 0 nay · 1 not voting
  • House — Final Passage · April 19, 2023
    98 yea · 0 nay
  • Senate — 3rd Reading & Final Passage · February 27, 2023
    48 yea · 0 nay · 1 not voting

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Other bills sponsored by Conway

All 2023-24 Washington State bills →

Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗