Friday, May 24, 2024

Legislative News

Governor’s Budget Includes PEBB Subsidy Increase and Pension Fix, But No Plan 1 COLA

Governor’s Budget Includes PEBB Subsidy Increase and Pension Fix, But No Plan 1 COLA On December 13, 2023, Governor Jay Inslee released his 2024 supplemental budget proposal.  The budget, which the Governor is required to create each December, is essentially a funding request to the Washington State Legislature.  It includes funding for two of RPEC’s key priorities, but declines to …

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Legislative Committees Assemble

Legislative Committees Assemble The Washington State Legislature recently gathered in Olympia for Committee Assembly days.  In preparation for the 2024 Legislative Session, Senate committees met on November 30 and December 1 and House committees met on December 4 and 5 to receive informational briefings.  While the composition of many committees remains the same as last year, the Legislature has two …

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SCPP Endorses PERS/TRS 1 COLA for 2024, Other Pension Enhancement

SCPP Endorses PERS/TRS 1 COLA for 2024, Other Pension Enhancement On Tuesday, November 14, the Select Committee on Pension Policy (SCPP) endorsed two proposals to enhance pensions for retired public employees.  Both proposals will be introduced as bills during the 2024 Legislative Session, which begins in January. PERS/TRS 1 COLA The SCPP endorsed a proposal to provide PERS 1 and …

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Social Security Fairness Act Aims to End Unfair Public Pension Offsets

Social Security Fairness Act Aims to End Unfair Public Pension Offsets From AFSCME: Security benefits are based on an individual’s earnings and paid according to a progressive formula. For working families with lower lifetime earnings, Social Security replaces a larger proportion of previous earnings than it would for higher income earners. But, the Government Pension Offset (GPO) and the Windfall …

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