RCW 41.40.1987
339 words·~2 min read·
/wa/title-41/chapter-41-40/41-40-1987·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
*** CHANGE IN 2026 *** (SEE 5862-S.SL ) ***
(1)Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2017, shall receive, effective July 1, 2018, an increase to their monthly benefit of one and one-half percent multiplied by the beneficiaries' monthly benefit, not to exceed $62.50.
(2)Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2019, shall receive, effective July 1, 2020, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $62.50.
(3)Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2021, shall receive, effective July 1, 2022, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(4)Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2022, shall receive, effective July 1, 2023, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(5)Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2023, shall receive, effective July 1, 2024, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(6)This section does not apply to those receiving benefits pursuant to RCW 41.40.1984 .
[ 2024 c 255 s 2 ; 2023 c 397 s 4 ; 2022 c 52 s 2 ; 2020 c 329 s 1 ; 2018 c 151 s 2 .]
Notes:
Finding — Effective date — Study on ongoing cost-of-living adjustments — 2023 c 397: See notes following RCW 41.32.4992 .
Effective date — 2022 c 52: See note following RCW 41.32.4992 .
Effective date — 2020 c 329: See note following RCW 41.32.4992 .
Effective date — 2018 c 151: See note following RCW 41.32.4992 .