House2025-26 sessionFiscal note
HB 2124 — Concerning the threshold for payment of a lump sum retirement allowance in lieu of a monthly benefit.
Signed into law — Chapter 132, Laws of 2026
- Sponsor
- Couture
- Introduced
- January 12, 2026
- Status
- C 132 L 26
- Last action
- Effective date 6/11/2026. (March 23, 2026)
What this bill does
Increases the minimum monthly pension from the Washington State Retirement Systems that the Department of Retirement Systems may convert to a lump-sum from $50 to $250 increased annually.
From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗
Floor votes
- House — 3rd Reading & Final Passage · February 16, 202696 yea · 0 nay · 2 not voting
- Senate — 3rd Reading & Final Passage · March 5, 202648 yea · 0 nay · 1 not voting
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Source: the Washington State Legislature. OlympiaTrack is an independent bill-tracking service and is not affiliated with the Legislature. View on leg.wa.gov ↗