Washington State Pension Plan Raid for Budget Shortfall
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington state lawmakers propose House Bill twenty thirty-four to address budget shortfall, drawing three billion dollars from the Law Enforcement Officers’ and Firefighters’ retirement Plan one. The bill, which passed the House and Senate, aims to shift funds to general spending and reset funding to one hundred ten percent by twenty twenty-nine. However, firefighters and some Republicans oppose the bill, citing potential risks to pensions built from state, local, and worker contributions. Supporters argue its a smart one-time fix, but legal challenges are expected.
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