WA People
BILL · 2025–26 SESSION · LATEST VERSION SSB 5085

SB 5085: Closed retirement plans

Concerning three of Washington state's closed retirement plans.

Summary

  • Merges the assets, liabilities, and membership of Law Enforcement Officers' and Firefighters' Retirement System Plan 1, Public Employees' Retirement System Plan 1 (PERS Plan 1), and the Teachers' Retirement System Plan 1 (TRS Plan 1) retirement systems into the new Legacy Retirement System.
  • Creates an annual cost-of-living adjustment to the retirement benefits of retirees in the PERS Plan 1 and TRS Plan 1, of up to 3 percent.
  • Eliminates the remaining unfunded actuarial accrued liability and benefit improvement rates.

From the Substitute House Bill Analysis 2025 (SSB 5085), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed Senate, stalled in House
  1. IntroducedJan 13, 2025
  2. Out of committeeFeb 18, 2025
  3. Passed SenateMar 3, 2025
  4. Passed Housestopped here
  5. Governor
  6. Law
Prime sponsor
June Robinson (D-38)
Introduced
January 13, 2025 in the Senate
Last action
January 12, 2026
Budget
Has a fiscal note
Versions
SB 5085, SSB 5085

AN ACT Relating to three of Washington state's closed retirement plans;

Sponsors

Prime sponsor: June Robinson (D-38)

Votes

Senate · 3rd Reading & Final Passage

Passed March 3, 2025
Version voted on: SSB 5085
28 Yea 21 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat28200
Republican01900
How each member voted
Permalink to this vote

History

  1. By resolution, reintroduced and retained in present status. (SSB 5085)
  2. Rules Committee relieved of further consideration. On motion, referred to Ways & Means. (SSB 5085)
  3. By resolution, returned to Senate Rules Committee for third reading. (SSB 5085)
  4. First reading, referred to Appropriations. (SSB 5085)
  5. Third reading, passed; yeas, 28; nays, 21; absent, 0; excused, 0. (SSB 5085)
  6. Rules suspended. Placed on Third Reading. (SSB 5085)
  7. 1st substitute bill substituted. (SSB 5085)
  8. 1st substitute bill substituted.
  9. Placed on second reading by Rules Committee. (SSB 5085)
  10. Placed on second reading by Rules Committee.
  11. Passed to Rules Committee for second reading. (SSB 5085)
  12. Passed to Rules Committee for second reading.
  13. Minority; without recommendation. (SSB 5085)
  14. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 5085)
  15. WM - Majority; 1st substitute bill be substituted, do pass.
  16. Minority; without recommendation.
  17. First reading, referred to Ways & Means.
  18. Prefiled for introduction.

SB 5085 in other sessions

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

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