RPEC Weekly ACTION Newsletter – 3-11-2022
In This Edition
- SB 5676 – Plan 1 COLA Bill Signed by Governor
- Legislative Bill Summary
SB 5676 – Plan 1 COLA Bill Signed by Governor
On Friday, March 11th, Governor Jay Inlsee signed into law, SB 5676, a 3% cost of living increase (with a $110/month cap) to PERS/TRS Plan 1 retirees.
Plan 1 Retirees will see the increase beginning with their pension payment deposited at the end of July. The increased pension payment amount will be their new monthly pension payment going forward.
If you haven’t done so, appreciation should go out to the legislators who supported and sponsored both COLA bills (HB 1721 & SB 5676). RPEC members can do their part by reaching out to their individual Legislators to thank them for their support and efforts in getting this passed.
You can find contact information for your legislators here:
If you are unsure of your Legislative District, go to this link and enter your address: https://app.leg.wa.gov/DistrictFinder/
Also signed into law by the Governor was SB 5546 – Concerning insulin affordability which caps insulin @ $35/mo on health plans issued or renewed on or after January 1, 2023.
Legislative Bill Summary
Below is a link to the bills we are tracking as they move through the legislative process. Full Text and updates on these bills can be found by searching for the bill number at: https://app.leg.wa.gov/billinfo/
Please visit https://rpecwa.org/2022-legislative-bill-summary/ for a list of bills currently of focus to RPEC.