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Washington’s Recurring Pension Hikes Raise $2.4B for Retirees
Published 3 days, 21 hours ago
Description
SSB 5862 gives another 3% pension boost to Plan 1 retirees, adding $338 million in new employer costs and pushing unfunded liabilities higher. Ryan Frost details how six COLAs since 2018 have increased taxpayer burden as lawmakers delay debt payments. https://www.clarkcountytoday.com/opinion/opinion-the-legislature-has-committed-2-4-billion-to-recurring-pension-increases-since-2018/ #Washington #Pension #PublicEmployees #COLA #Legislature #Budget #TaxPolicy #Opinion #UnfundedLiability