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Plan 1 COLA Bill Passes House On Wednesday, March 1, the Washington State House of Representatives passed Engrossed Substitute House Bill (ESHB) 1057 to grant PERS 1 and TRS 1 retirees a one-time 3% cost of living adjustment (COLA) in 2023 not to exceed $110 per month. Rep. Drew Stokesbary (R, Auburn), the bill’s primary sponsor, spoke to Plan 1 …

Senate Passes Plan 1 COLA On the afternoon of Monday, February 27, the Washington State Senate unanimously passed two bills that grant a one-time cost of living adjustment (COLA) to Plan 1 retirees and lay the groundwork for a recurring COLA. Senate Bill 5350 provides PERS 1 and TRS 1 retirees with a 3% COLA in July 2023 not to …

Plan 1 Pension Bills Pass Appropriations Committee On Thursday, February 23, the Washington State House of Representatives Appropriations Committee passed Substitute House Bill 1057 and House Bill 1201, bills that relate to the Plan 1 (PERS 1 and TRS 1) pension systems. SHB 1057, which will provide a one-time 3% cost-of-living-adjustment to Plan 1 retirees not to exceed $110 per …

Click here to download the Bill Summary below. For general Legislative information, visit: https://leg.wa.gov/ For specific bill information, visit: https://app.leg.wa.gov/billinfo/