SCPP Adopts Ongoing COLA Study Timeline
On Tuesday, April 16, the Select Committee on Pension Policy (SCPP) laid out a timeline to study and recommend a proposal to restore an automatic ongoing cost-of-living adjustment (COLA) for PERS 1 and TRS 1 retirees. Since 2010, PERS 1 and TRS 1 are the only retirement systems managed by Washington State to not receive automatic ongoing COLAs. Thanks to a bill that RPEC helped pass in 2023, the SCPP is required to develop a proposal and recommend it to the legislature by the end of this calendar year.
On May 21, the committee…
