S-4285.1
SUBSTITUTE SENATE BILL 5834
State of Washington
69th Legislature
2026 Regular Session
By Senate Ways & Means (originally sponsored by Senators Conway and Nobles; by request of Department of Retirement Systems)
READ FIRST TIME 02/04/26.
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:
(1) 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(( , )) and 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.