Governor Inslee Signs Plan 1 COLA Bill
It’s official! For the third consecutive year, PERS 1 and TRS 1 retirees will receive a cost-of-living adjustment (COLA). On Tuesday, March 26, Governor Jay Inslee signed Substitute House Bill 1985, providing Plan 1 retirees with a one-time 3% COLA not to exceed $110 per month. The COLA will be reflected in pension checks received at the end of July 2024.
The bill was sponsored by Representative Joe Timmons, a freshman Democrat representing part of Bellingham and rural Whatcom County. In his short time in the Legislature, Timmons has quickly earned a reputation…
