This bill aims to utilize savings generated from extraordinary investment returns in the state's pension systems to fund transportation projects. The legislature recognizes that these investment returns have resulted in significant savings for taxpayers and identifies a pressing need for investment in the state's transportation infrastructure. To facilitate this, the bill proposes the transfer of a portion of these savings to enhance the state's transportation system.

Specifically, the bill introduces new sections to chapters 41.45 and 46.68 of the Revised Code of Washington (RCW). It mandates the state actuary to estimate annual savings to the state general fund due to lower contribution rates from deferred investment gains, starting with the 2025-2027 biennium. Additionally, beginning June 1, 2026, the state treasurer is required to transfer 50 percent of these estimated savings from the general fund to the motor vehicle fund annually. This legislative action aims to ensure that the financial benefits from pension investments are effectively redirected to support critical transportation needs.