ESSB 5357 — Concerning actuarial funding of pension systems.

What this bill does

Reduces employer normal cost contribution rates for the Public Employees' Retirement System (PERS), the Teachers' Retirement System (TRS), the School Employees' Retirement System (SERS), and the Washington State Patrol Retirement System for fiscal year/school year 2026. Reduces the Plan 2 member contribution rates for PERS, TRS, and SERS for fiscal year/school year 2026.

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 23, 2025
  82 yea · 14 nay · 2 not voting
• House — Final Passage as Amended by the House on Reconsideration · April 23, 2025
  80 yea · 17 nay · 1 not voting
• Senate — Final Passage as Amended by the House · April 24, 2025
  29 yea · 19 nay
• Senate — 3rd Reading & Final Passage · March 12, 2025
  48 yea · 0 nay · 1 not voting

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Other bills sponsored by Conway

• E2SSB 5061 — Requiring certain wages in public works contracts to be at least the prevailing wage in effect when the work is performed.
• SSB 5191 — Concerning paid family and medical leave premium collection for dockworkers.
• ESSB 5291 — Implementing the recommendations of the long-term services and supports trust commission.
• 2SSB 5292 — Concerning paid family and medical leave rates.
• SB 5381 — Establishing department authority to ensure payment is received from the self-insured employer after a self-insured group or municipal employer has their self-insurer certification withdrawn.