Washington legislation · 2025-26 Regular Session
Washington SB5862: TRS & PERS plan 1 COLA
Status: Signed into law, March 30, 2026
Providing a cost-of-living adjustment for plan 1 retirees of the teachers' retirement system and public employees' retirement system.
What the bill says
An act Relating to providing a cost-of-living adjustment for plan 1 retirees of the teachers' retirement system and public employees' retirement system; amending RCW 41.32.4992 and 41.40.1987; and providing an effective date.
From the enrolled text:
AN ACT Relating to providing a cost-of-living adjustment for plan 1 retirees of the teachers' retirement system and public employees' retirement system; amending RCW 41.32.4992 and 41.40.1987; and providing an effective date. Sec. 1. RCW 41.32.4992 and 2024 c 255 s 1 are each amended to read as follows: (1) Beneficiaries who are receiving a monthly benefit from the teachers' retirement system plan 1 on July 1, 2017, shall receive, effective July 1, 2018, an increase to their monthly benefit of one and one-half percent multiplied by the beneficiaries' monthly benefit, not to exceed $62.50. (2) Beneficiaries who are receiving a monthly benefit from the teachers' retirement system plan 1 on July 1, 2019, shall receive, effective July 1, 2020, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $62.50. (3) Beneficiaries who are receiving a monthly benefit from the teachers' retirement system plan 1 on July 1, 2021, shall receive, effective July 1, 2022, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00. (4) Beneficiaries who are receiving a monthly benefit from the teachers' retirement system plan 1 on July 1, 2022, shall receive, effective July 1, 2023, an increase to their monthly benefit of three percent multiplied by the …
Sponsors
- Perry Dozier (R) · primary sponsor
- Jessica Bateman (D)
- Leonard Christian (R)
- Keith Goehner (R)
- Robert Hasegawa (D)
- Jeff Holy (R)
- Liz Lovelett (D)
- Keith Wagoner (R)
- Wilson, Jeff (R, 19)
Latest actions
- : Effective date 7/1/2026.
- : Chapter 248, 2026 Laws.
- : Governor signed.
- : Delivered to Governor.
- : Speaker signed.
- : President signed.
- : Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.
- : Rules suspended. Placed on Third Reading.
- : Rules Committee relieved of further consideration. Placed on second reading.
- : Referred to Rules 2 Review.
Votes
- 3rd Reading & Final Passage (March 6, 2026): 96 yea, 0 nay, passed
- House Committee on Appropriations: Do pass (March 2, 2026): 29 yea, 0 nay, passed
- 3rd Reading & Final Passage (February 13, 2026): 48 yea, 0 nay, passed
- Senate Committee on Ways & Means: That Substitute Senate Bill No. 5862 be substituted therefor, and the substitute bill do pass (February 9, 2026): 21 yea, 0 nay, passed
Subjects: RETIREMENT AND PENSIONS
Common questions
- What is SB5862?
- SB5862 is a bill in the Washington Legislature (2025-26 Regular Session): TRS & PERS plan 1 COLA.
- What does SB5862 do?
- In its own words: An act Relating to providing a cost-of-living adjustment for plan 1 retirees of the teachers' retirement system and public employees' retirement system; amending RCW 41.32.4992 and 41.40.1987; and providing an effective date.
- What is the status of SB5862?
- Signed into law as of March 30, 2026. Latest action: Effective date 7/1/2026. (March 30, 2026).
- Who sponsored SB5862?
- Perry Dozier (R), with 8 co-sponsors.
- Where is the official record for SB5862?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=5862&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.