Z-0521.1
HOUSE BILL 2125
State of Washington
69th Legislature
2026 Regular Session
By Representatives Couture, Fitzgibbon, Zahn, Gregerson, Ormsby, and Reeves; by request of Department of Retirement Systems
Prefiled 12/10/25. Read first time 01/12/26. Referred to Committee on Appropriations.
AN ACT Relating to payment of expenses from the earnings of retirement system trust funds; and amending RCW 41.50.255 .
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 41.50.255 and 2025 c 424 s 943 are each amended to read as follows:
The director is authorized to pay from the interest earnings of the trust funds of the public employees' retirement system, the teachers' retirement system, the Washington state patrol retirement system, the Washington judicial retirement system, the judges' retirement system, the school employees' retirement system, the public safety employees' retirement system, or the law enforcement officers' and firefighters' retirement system lawful obligations of the appropriate system for legal, medical, and(( , during the 2025-2027 fiscal biennium, )) administrative expenses, which expenses are primarily incurred for the purpose of protecting or preventing losses from the appropriate trust fund or are incurred in compliance with statutes governing such funds.