HB 2538-S - DIGEST

(DIGEST AS ENACTED)

Establishes a one thousand dollar minimum monthly benefit for public employees' retirement system plan 1 members and teachers' retirement system plan 1 members who have at least twenty-five years of service and who have been retired at least twenty years.

Declares that the minimum benefit in this act shall not be adjusted by the annual increase provided in RCW 41.32.4851(3) or 41.32.1984(3).