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Bill > HB2034

WA HB2034

WA HB2034
Concerning termination and restatement of plan 1 of the law enforcement officers' and firefighters' retirement system.

summary

Introduced
03/07/2025
In Committee
03/02/2026
Crossed Over
02/13/2026
Passed
04/01/2026
Dead
Signed/Enacted/Adopted
04/01/2026

Introduced Session

Potential new amendment
2025-2026 Regular Session

Bill Summary

AN ACT Relating to termination and restatement of plan 1 of the 2 law enforcement officers' and firefighters' retirement system; 3 amending RCW 41.26.010, 41.26.040, 41.26.061, 2.10.155, 6.15.020, 4 26.09.138, 28B.15.380, 28B.15.520, 35.21.935, 35A.21.380, 36.28A.010, 5 41.04.205, 41.04.270, 41.04.350, 41.04.393, 41.04.400, 41.04.440, 6 41.04.450, 41.04.803, 41.05.320, 41.16.020, 41.16.060, 41.16.145, 7 41.18.015, 41.18.104, 41.18.210, 41.20.010, 41.20.170, 41.20.175, 8 41.24.400, 41.32.800, 41.32.802, 41.32.860, 41.32.862, 41.35.060, 9 41.35.230, 41.37.050, 41.37.180, 41.40.010, 41.40.037, 41.40.059, 10 41.40.690, 41.40.850, 41.45.020, 41.45.050, 41.48.030, 41.48.050, 11 41.50.030, 41.50.033, 41.50.055, 41.50.075, 41.50.080, 41.50.090, 12 41.50.110, 41.50.112, 41.50.150, 41.50.255, 41.50.500, 41.50.650, 13 41.50.670, 41.50.700, 46.52.130, 49.44.160, 51.08.142, 51.32.050, 14 51.32.185, 72.72.060, 41.45.010, and 41.45.060; reenacting and 15 amending RCW 41.26.030, 41.05.011, 41.56.030, 43.79A.040, and 16 43.79A.040; adding a new chapter to Title 41 RCW; creating new 17 sections; repealing RCW 41.26.005, 41.26.035, 41.26.045, 41.26.046, 18 41.26.047, 41.26.075, 41.26.080, 41.26.090, 41.26.100, 41.26.105, 19 41.26.110, 41.26.115, 41.26.120, 41.26.125, 41.26.130, 41.26.135, 20 41.26.140, 41.26.150, 41.26.160, 41.26.161, 41.26.162, 41.26.164, 21 41.26.170, 41.26.190, 41.26.192, 41.26.194, 41.26.195, 41.26.197, 22 41.26.199, 41.26.200, 41.26.211, 41.26.221, 41.26.240, 41.26.250, 23 41.26.260, 41.26.270, 41.26.281, 41.26.291, 41.26.3901, 41.26.3902, E2SHB 2034.SL 1 41.26.3903, and 41.26.410; prescribing penalties; providing effective 2 dates; and providing an expiration date. 3

AI Summary

This bill terminates Plan 1 of the Law Enforcement Officers' and Firefighters' Retirement System (LEOFF Plan 1) effective June 30, 2029, and restates it into a new system. The legislature found that LEOFF Plan 1 is overfunded and has assets exceeding its liabilities, with very few active members remaining. The bill aims to ensure that all current liabilities of LEOFF Plan 1 are met by transferring actuarially sufficient resources to a newly established restated retirement system, with any remaining surplus assets reverting to the state. The bill also makes numerous conforming amendments to various existing laws to reflect these changes and ensure consistency across different retirement and benefit systems, including updating references to LEOFF Plan 1 to include the new restated system.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Effective date 6/30/2029*. (on 04/01/2026)

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bill summary

Document Type Source Location
State Bill Page https://app.leg.wa.gov/billsummary?BillNumber=2034&Year=2025&Initiative=false
Final bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034-S2.E%20HBR%20FBR%2026.pdf
Fiscal Note - 2034 2SHB .PL (Final) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=77672
BillText https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/Session%20Laws/House/2034-S2.SL.pdf
Engrossed second substitute House bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034-S2.E%20HBR%20PL%2026.pdf
BillText https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Passed%20Legislature/2034-S2.PL.pdf
Engrossed second substitute House bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034-S2.E%20HBR%20SA%2026.pdf
2034-S2.E AMS ENGR S5866.E https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20ENGR%20S5866.E.pdf
Engrossed second substitute Senate bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/2034-S2.E%20SBR%20APS%2026.pdf
Schoesler 2034-S2.E AMS SCHO S5985.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20SCHO%20S5985.1.pdf
Robinson 2034-S2.E AMS ROBI S6003.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20ROBI%20S6003.1.pdf
Robinson 2034-S2.E AMS ROBI S5999.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20ROBI%20S5999.1.pdf
King 2034-S2.E AMS KING S6021.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20KING%20S6021.1.pdf
Holy 2034-S2.E AMS HOLY S6017.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20HOLY%20S6017.1.pdf
Harris 2034-S2.E AMS HARR CEC 278 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20HARR%20CEC%20278.pdf
Gildon 2034-S2.E AMS GILD S6000.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20GILD%20S6000.1.pdf
Gildon 2034-S2.E AMS GILD S5986.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20GILD%20S5986.1.pdf
Conway 2034-S2.E AMS CONW S5982.2 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20CONW%20S5982.2.pdf
Fiscal Note - 2034 E2SHB (Final) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=77412
Ways & Means 2034-S2.E AMS WM S5866.1 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/Senate/2034-S2.E%20AMS%20WM%20S5866.1.pdf
Engrossed second substitute Senate bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/2034-S2.E%20SBR%20WM%20OC%2026.pdf
Engrossed second substitute Senate bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/2034-S2.E%20SBR%20WM%20TA%2026.pdf
Fiscal Note - 2034 E2SHB (Partial) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=77233
Fiscal Note - 2034 E2SHB (Partial) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=77232
Engrossed second substitute Senate bill report (orig.) https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/2034-S2.E%20SBA%20WM%2026.pdf
Fiscal Note - 2034 P2SHB H-2548.4 (Partial) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=76915
Engrossed second substitute House bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034-S2.E%20HBR%20APH%2026.pdf
BillText https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2034-S2.E.pdf
Schmick 2034-S2 AMH SHMK PRIN 773 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20SHMK%20PRIN%20773.pdf
Keaton 2034-S2 AMH KEAT PRIN 770 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20KEAT%20PRIN%20770.pdf
Jacobsen 2034-S2 AMH JACO PRIN 768 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20JACO%20PRIN%20768.pdf
Griffey 2034-S2 AMH GRIF PRIN 772 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20GRIF%20PRIN%20772.pdf
Dye 2034-S2 AMH DYEM PRIN 771 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20DYEM%20PRIN%20771.pdf
Burnett 2034-S2 AMH BURN PRIN 767 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20BURN%20PRIN%20767.pdf
Barkis 2034-S2 AMH BARK PRIN 774 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20BARK%20PRIN%20774.pdf
Fitzgibbon 2034-S2 AMH FITZ PRIN 769 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Amendments/House/2034-S2%20AMH%20FITZ%20PRIN%20769.pdf
BillText https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2034-S2.pdf
House bill report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034%20HBR%20APP%2026.pdf
Fiscal Note - 2034 HB (Final) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=74835
Fiscal Note - 2034 HB (Partial) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=74434
Fiscal Note - 2034 HB (Partial) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=74241
Fiscal Note - 2034 HB (Partial) https://fnspublic.ofm.wa.gov/FNSPublicSearch/GetPDF?packageID=74212
BillText https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2034-S.pdf
House Bill Report https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034%20HBR%20APP%2025.pdf
House Bill Analysis 2025 https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/House/2034%20HBA%20APP%2025.pdf
BillText https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bills/House%20Bills/2034.pdf
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