BILL · 2025–26 SESSION

HB 1467: Actuarial pension funding

Concerning actuarial funding of pension systems.

Summary

Changes the pension contribution rates for past benefit enhancements in the Public Employees' Retirement System and Teachers' Retirement System Plans 1 (PERS and TRS Plans 1), and amortizes the cost over a 15-year period.
Provides that the cost of new benefit improvements in PERS and TRS Plans 1 be amortized over a 15-year period.
Modifies the basic pension contribution rates set by the Pension Funding Council for the 2025-2027 fiscal biennium.

From the House Bill Analysis 2025 (HB 1467), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to actuarial funding of pension systems;

No recorded floor votes. This measure never reached a floor vote.

Bill numbers restart every two years, so the same number is a different bill in each session.

HB 1467 (2023–24) Property infill/GMA · Did not pass · died in committee
HB 1467 (2021–22) Coronavirus/BSA approps · Did not pass · died in committee
HB 1467 (2019–20) High school grad. supports · Did not pass · died in committee
HB 1467 (2017–18) Fire protection service auth · Enacted · Chapter 196, Laws of 2017
HB 1467 (2015–16) State agency data encryption · Did not pass · died in committee
HB 1467 (2013–14) Unpaid wages collection · Did not pass · passed House, stalled in Senate
HB 1467 (2011–12) Definition of a well · Enacted · Chapter 196, Laws of 2011
HB 1467 (2009–10) U of W Snohomish cty campus · Did not pass · died in committee