HB2125 • 2026

Retirement funds/expenses

Concerning payment of expenses from the earnings of retirement system trust funds.

Healthcare Technology

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Couture, Representative Fitzgibbon, Representative Zahn, Representative Gregerson, Representative Ormsby, Representative Reeves
Last action: 2026-02-19
Official status: H Rules X
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Retirement funds/expenses

What This Bill Does

Retirement funds/expenses

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

2125 AMH COUT PRIN 763

1524 • Couture

NOT CONSIDERED

Plain English: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2125 AMH COUT PRIN 763 1 - Official Print By Representative Couture 2125 AMH COUT PRIN 763 HB 2125 - H AMD 1524 NOT CONSIDERED 03/12/2026 On page 1, at the beginning of line 6, insert "(1)" On page 1, beginning on line 13, after "legal" strike all material through "administrative" on line 14 and insert "((,)) and medical((, and, during the 2025-27 fiscal biennium, administrative))" On page 1, beginning on line 15, after "protecting" strike "or preventing losses" and insert "((or preventing losses))" On page 1, at the beginning of line 18, insert "(2)" On page 2, at the beginning of line 1, insert "(3)" On page 2, at the beginning of line 6, beginning with "The term" strike all material through "funds." on line 11 and insert the following: "((The term "administrative expenses" includes, but is not limited to, expenses incurred to prevent losses to the trust funds such as audits, cybersecurity, petition decisions, departmental liaison work with the attorney general's office, and other similar expenses incurred by the department to ensure that trust funds are protected against risks that might lead to losses from the trust funds.))" On page 2, at the beginning of line 12, insert "(4)" On page 2, line 13, after "incurred in" insert "preventing and" 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 2125 AMH COUT PRIN 763 2 - Official Print EFFECT: Narrows the expansion of expenditures eligible to be made from interest earnings on the pension trust funds to only include fraud prevention, such as audits, cybersecurity efforts, petition decisions, coordination with the Attorney General's Office, and other similar work to protect trust funds from losses.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2125 AMH COUT PRIN 763 1 - Official Print By Representative Couture 2125 AMH COUT PRIN 763 HB 2125 - H AMD 1524 NOT CONSIDERED 03/12/2026 On page 1, at the beginning of line 6, insert "(1)" On page 1, beginning on line 13, after "legal" strike all material through "administrative" on line 14 and insert "((,)) and medical((, and, during the 2025-27 fiscal biennium, administrative))" On page 1, beginning on line 15, after "protecting" strike "or preventing losses" and insert "((or preventing losses))" On page 1, at the beginning of line 18, insert "(2)" On page 2, at the beginning of line 1, insert "(3)" On page 2, at the beginning of line 6, beginning with "The term" strike all material through "funds." on line 11 and insert the following: "((The term "administrative expenses" includes, but is not limited to, expenses incurred to prevent losses to the trust funds such as audits, cybersecurity, petition decisions, departmental liaison work with the attorney general's office, and other similar expenses incurred by the department to ensure that trust funds are protected against risks that might lead to losses from the trust funds.))" On page 2, at the beginning of line 12, insert "(4)" On page 2, line 13, after "incurred in" insert "preventing and" 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 2125 AMH COUT PRIN 763 2 - Official Print EFFECT: Narrows the expansion of expenditures eligible to be made from interest earnings on the pension trust funds to only include fraud prevention, such as audits, cybersecurity efforts, petition decisions, coordination with the Attorney General's Office, and other similar work to protect trust funds from losses.
On page 2, line 14, after "incurred to" strike "review" and insert "prevent, review," On page 2, line 17, after "overpayments." insert "Fraud prevention includes expenses related to preventing losses to the trust funds and can include audits, cybersecurity, petition decisions, departmental liaison work with the attorney general's office, and other similar expenses incurred by the department to ensure that trust funds are protected against risks that might lead to losses from the trust funds." --- END

Bill History

2026-02-19 House
House Rules "X" file.

Official Summary Text

Retirement funds/expenses

Current Bill Text

Read the full stored bill text

AN ACT Relating to payment of expenses from the earnings of 1
retirement system trust funds; and amending RCW 41.50.255.2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:3
Sec. 1. RCW 41.50.255 and 2025 c 424 s 943 are each amended to 4
read as follows: 5
The director is authorized to pay from the interest earnings of 6
the trust funds of the public employees' retirement system, the 7
teachers' retirement system, the Washington state patrol retirement 8
system, the Washington judicial retirement system, the judges' 9
retirement system, the school employees' retirement system, the 10
public safety employees' retirement system, or the law enforcement 11
officers' and firefighters' retirement system lawful obligations of 12
the appropriate system for legal, medical, and ((, during the 13
2025-2027 fiscal biennium, )) administrative expenses, which expenses 14
are primarily incurred for the purpose of protecting or preventing 15
losses from the appropriate trust fund or are incurred in compliance 16
with statutes governing such funds. 17
The term "legal expense" includes, but is not limited to, legal 18
services provided through the legal services revolving fund, fees for 19
expert witnesses, travel expenses, fees for court reporters, cost of 20
transcript preparation, and reproduction of documents.21
Z-0521.1
HOUSE BILL 2125
State of Washington 69th Legislature 2026 Regular Session
By Representatives Couture, Fitzgibbon, Zahn, Gregerson, Ormsby, and
Reeves; by request of Department of Retirement Systems
Prefiled 12/10/25. Read first time 01/12/26. Referred to Committee
on Appropriations.
p. 1 HB 2125
The term "medical expense" includes, but is not limited to, 1
expenses for the medical examination or reexamination of members or 2
retirees, the costs of preparation of medical reports, and fees 3
charged by medical professionals for attendance at discovery 4
proceedings or hearings. 5
The term "administrative expenses" includes, but is not limited 6
to, expenses incurred to prevent losses to the trust funds such as 7
audits, cybersecurity, petition decisions, departmental liaison work 8
with the attorney general's office, and other similar expenses 9
incurred by the department to ensure that trust funds are protected 10
against risks that might lead to losses from the trust funds.11
The director may also pay from the interest earnings of the trust 12
funds specified in this section costs incurred in investigating fraud 13
and collecting overpayments, including expenses incurred to review 14
and investigate cases of possible fraud against the trust funds and 15
collection agency fees and other costs incurred in recovering 16
overpayments. Recovered funds must be returned to the appropriate 17
trust funds. 18
--- END ---
p. 2 HB 2125