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WashingtonHB 21242025-2026 Regular SessionHouseWALLET

Concerning the threshold for payment of a lump sum retirement allowance in lieu of a monthly benefit.

Sponsored By: Travis Couture (Republican)

Became Law

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lump-sum payout for small public pensions

Beginning June 11, 2026, the state can pay a one-time lump sum if your initial monthly benefit is under $250. The director increases this $250 limit each year. The lump sum equals the higher of the actuarial value of your monthly checks or your own contributions plus interest. If your regular monthly benefit is under $50, you can ask in writing to switch to a lump sum; it is based on your age when the benefit started and reduced by payments you already got. If you return to service, you can restore past service by repaying the lump sum plus interest within two years or before you retire again. If you miss that window, you can still restore service by paying the amount set in law; the repayment does not include the value of monthly payments you would have received. Taking the lump sum counts as being retired. This applies to service retirement and earned disability allowances across the main state retirement systems for public employees, teachers, school employees, public safety, and law enforcement.

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Sponsors & Cosponsors

Sponsor

  • Travis Couture

    Republican • House

Cosponsors

  • Adam Bernbaum

    Democratic • House

  • Brianna Thomas

    Democratic • House

  • Dan Griffey

    Republican • House

  • Janice Zahn

    Democratic • House

  • Jenny Graham

    Republican • House

  • Joe Fitzgibbon

    Democratic • House

  • Mia Gregerson

    Democratic • House

  • Rob Chase

    Republican • House

  • Sharon Wylie

    Democratic • House

  • Timm Ormsby

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 144 • No: 0

Senate vote • 3/5/2026

3rd Reading & Final Passage

Yes: 48 • No: 0 • Other: 1

House vote • 2/16/2026

3rd Reading & Final Passage

Yes: 96 • No: 0 • Other: 2

Actions Timeline

  1. Effective date 6/11/2026.

    3/23/2026House

  2. Chapter 132, 2026 Laws.

    3/23/2026House

  3. Governor signed.

    3/23/2026legislature

  4. Delivered to Governor.

    3/10/2026legislature

  5. President signed.

    3/9/2026legislature

  6. Speaker signed.

    3/6/2026legislature

  7. Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1.

    3/5/2026House

  8. Rules suspended. Placed on Third Reading.

    3/5/2026House

  9. Placed on second reading by Rules Committee.

    3/3/2026House

  10. Passed to Rules Committee for second reading.

    2/27/2026House

  11. WM - Majority; do pass.

    2/26/2026House

  12. First reading, referred to Ways & Means.

    2/18/2026House

  13. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.

    2/16/2026House

  14. Rules suspended. Placed on Third Reading.

    2/16/2026House

  15. Rules Committee relieved of further consideration. Placed on second reading.

    2/6/2026House

  16. Referred to Rules 2 Review.

    1/27/2026House

  17. APP - Executive action taken by committee.

    1/22/2026House

  18. APP - Majority; do pass.

    1/22/2026House

  19. First reading, referred to Appropriations.

    1/12/2026House

  20. Prefiled for introduction.

    12/10/2025House

Bill Text

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