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WashingtonSB 58342025-2026 Regular SessionSenate

Concerning payment of expenses from the earnings of retirement system trust funds.

Sponsored By: Steve Conway (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

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

Washington pension earnings can fund protection

Beginning June 11, 2026, Washington’s retirement director can use interest earned by eight public retirement systems to pay qualifying expenses. These are the public employees’, teachers’, state patrol, Washington judicial, judges’, school employees’, public safety employees’, and law enforcement officers’ and firefighters’ systems. Legal and medical expenses must mainly protect the appropriate fund or meet laws governing that fund. Covered legal costs include legal services, expert witnesses, travel, court reporters, transcripts, and document copies. Medical costs include member or retiree exams, medical reports, and medical professionals’ attendance at discovery proceedings or hearings. The earnings can also pay for fraud prevention, fraud investigations, and overpayment collection, including collection agency fees. Fund protection costs include audits, cybersecurity, petition decisions, and department coordination with the attorney general’s office. Recovered money must return to the appropriate retirement funds. The law does not create a direct household payment or set a benefit amount.

Sponsors & Cosponsors

Sponsor

  • Steve Conway

    Democratic • Senate

Cosponsors

  • T'wina Nobles

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 146 • No: 0

House vote • 3/4/2026

3rd Reading & Final Passage

Yes: 97 • No: 0 • Other: 1

Senate vote • 2/11/2026

3rd Reading & Final Passage

Yes: 49 • No: 0

Actions Timeline

  1. Effective date 6/11/2026.

    3/16/2026Senate

  2. Chapter 68, 2026 Laws.

    3/16/2026Senate

  3. Governor signed.

    3/16/2026legislature

  4. Delivered to Governor.

    3/9/2026legislature

  5. President signed.

    3/5/2026legislature

  6. Speaker signed.

    3/5/2026legislature

  7. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.

    3/4/2026Senate

  8. Rules suspended. Placed on Third Reading.

    3/4/2026Senate

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

    3/3/2026Senate

  10. Referred to Rules 2 Review.

    3/2/2026Senate

  11. APP - Majority; do pass.

    2/27/2026Senate

  12. APP - Executive action taken by committee.

    2/27/2026Senate

  13. First reading, referred to Appropriations.

    2/14/2026Senate

  14. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.

    2/11/2026Senate

  15. Rules suspended. Placed on Third Reading.

    2/11/2026Senate

  16. 1st substitute bill substituted.

    2/11/2026Senate

  17. Placed on second reading by Rules Committee.

    2/6/2026Senate

  18. Passed to Rules Committee for second reading.

    2/4/2026Senate

  19. WM - Majority; 1st substitute bill be substituted, do pass.

    2/3/2026Senate

  20. Minority; without recommendation.

    2/3/2026Senate

  21. First reading, referred to Ways & Means.

    1/12/2026Senate

  22. Prefiled for introduction.

    12/5/2025Senate

Bill Text

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