S-1472.1
SUBSTITUTE SENATE BILL 5085
State of Washington
69th Legislature
2025 Regular Session
By Senate Ways & Means (originally sponsored by Senator Robinson)
READ FIRST TIME 02/18/25.
AN ACT Relating to three of Washington state's closed retirement plans; amending RCW 41.50.030 , 41.50.075 , 41.50.110 , 41.32.4992 , 41.40.1987 , 41.45.010 , 41.45.020 , 41.45.035 , 41.45.050 , 41.45.060 , 41.45.070 , 41.45.150 , 41.45.200 , 41.45.203 , 41.45.207 , 6.15.020 , 41.04.440 , 41.04.445 , 41.04.450 , 41.04.803 , 41.05.320 , 41.24.400 , 41.50.080 , 41.50.235 , 41.50.255 , 41.50.500 , 41.54.010 , and 41.54.040 ; reenacting and amending RCW 43.84.092 and 43.84.092 ; adding a new section to chapter 41.50 RCW; adding new sections to chapter 41.32 RCW; adding new sections to chapter 41.40 RCW; adding a new section to chapter 41.26 RCW; adding a new section to chapter 41.35 RCW; adding a new section to chapter 41.37 RCW; adding a new chapter to Title 41 RCW; creating new sections; providing effective dates; providing an expiration date; providing a contingent expiration date; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 101. (1) The legislature finds that the funding for three of its closed retirement plans has become lopsided.
(2) The legislature further finds that: