HB 2034: Concerning termination and restatement of plan 1 of the law enforcement officers' and firefighters' retirement system.
HB 2034 terminates and restates Washington's LEOFF Plan 1 for law enforcement and firefighter retirement, effective June 30, 2029. The bill ensures all current benefits for retirees and survivors (over 6,000 beneficiaries) continue uninterrupted during the transition, while transferring sufficient assets to cover all future obligations. Any surplus assets - currently over $3.3 billion - will revert to the state after all liabilities are fully satisfied. The legislation directly affects only existing beneficiaries, as Plan 1 now has only four active members and has exceeded full funding for decades.






















