This bill amends several sections of Washington state law to provide retired individuals from the public employees' retirement system, teachers' retirement system, and school employees' retirement system with increased opportunities to work while still receiving pension benefits. Specifically, it allows retirees to work up to 1,040 hours per year in certain positions without losing their pension payments, extending the current limit of 867 hours. This provision is applicable to retirees who reenter employment more than one month after their accrual date and is set to be in effect until July 1, 2029. Additionally, the bill includes provisions for retirees who have worked in second-class school districts and specifies that the legislature retains the right to amend or repeal these provisions in the future.

The bill also includes a declaration of emergency, indicating that it is necessary for the immediate preservation of public peace, health, or safety, and takes effect immediately. The amendments to the relevant sections of the Revised Code of Washington (RCW) include adjustments to the hours worked and the conditions under which retirees can continue to receive their pension benefits while employed. The changes aim to address workforce shortages in public education and related sectors by allowing retirees to contribute their experience and skills without jeopardizing their retirement benefits.

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