This bill amends several sections of Washington state law to provide retired individuals from various public retirement systems, including the public employees', teachers', school employees', and public safety employees' retirement systems, with additional opportunities to work while receiving pension benefits. Specifically, it allows retirees to work up to 1,040 hours per year in nonadministrative positions within school districts without suspending their pension payments, extending the current limit of 867 hours. The bill also modifies the timeline for these provisions, changing the expiration date from July 1, 2025, to January 1, 2030.

Additionally, the bill maintains existing penalties for retirees who return to work sooner than one month after their retirement date, which includes a reduction in their monthly retirement allowance based on hours worked. It emphasizes that the legislature retains the right to amend or repeal these provisions in the future, and it clarifies that no retiree has a contractual right to work beyond the specified hours without a reduction in their pension. The act is declared necessary for the immediate preservation of public peace, health, or safety, and it takes effect immediately.

Statutes affected:
Original Bill: 41.32.570, 41.32.802, 41.32.862, 41.35.060, 41.40.037
Substitute Bill: 41.32.570, 41.32.802, 41.32.862, 41.35.060, 41.37.050, 41.40.037