Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.
SB5718 • 2026
Providing members of the teachers' retirement system plan 3 and school employees' retirement system plan 3 that were never offered a choice of plan 2 the opportunity to irrevocably transfer to plan 2 for future service.
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
TRS & SERS/plan 2 transfer
By resolution, reintroduced and retained in present status.
TRS & SERS/plan 2 transfer
AN ACT Relating to providing members of the teachers' retirement 1 system plan 3 and school employees' retirement system plan 3 that 2 were never offered a choice of plan 2 the opportunity to irrevocably 3 transfer to plan 2 for future service; adding a new section to 4 chapter 41.32 RCW; adding a new section to chapter 41.35 RCW; and 5 creating a new section. 6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:7 NEW SECTION. Sec. 1. A new section is added to chapter 41.32 8 RCW under the subchapter heading "plan 3" to read as follows:9 (1) Any plan 3 member who joined plan 3 between July 1, 1996, and 10 June 30, 2007, and as a result was never offered the opportunity to 11 choose between plan 2 and plan 3, may make an irrevocable choice to 12 transfer to plan 2 during any January after the effective date of 13 this section for purposes of future service, provided that the member 14 earns service credit for that month. 15 (2) The legislature reserves the right to modify or discontinue 16 the right to transfer under this section. 17 (3) Anyone previously retired from plan 3 is prohibited from 18 transferring to plan 2. 19 S-0650.1 SENATE BILL 5718 State of Washington 69th Legislature 2025 Regular Session By Senators Lovick, Cortes, and C. Wilson Read first time 02/10/25. Referred to Committee on Ways & Means. p. 1 SB 5718 NEW SECTION. Sec. 2. A new section is added to chapter 41.35 1 RCW under the subchapter heading "plan 3" to read as follows:2 (1) Any plan 3 member who joined plan 3 between September 1, 3 2000, and June 30, 2007, and as a result was never offered the 4 opportunity to choose between plan 2 and plan 3, may make an 5 irrevocable choice during any January after the effective date of 6 this section to transfer to plan 3 for purposes of future service.7 (2) The legislature reserves the right to modify or discontinue 8 the right to transfer under this section. 9 (3) Anyone previously retired from plan 3 is prohibited from 10 transferring to plan 2. 11 NEW SECTION. Sec. 3. In the event that the state receives a 12 determination letter or other formal guidance from the federal 13 internal revenue service that the options provided in this act 14 conflict with federal law, the choice to transfer from plan 3 to plan 15 2 under sections 2 and 3 of this act is suspended until subsequent 16 federal internal revenue service guidance is received that any 17 conflict with federal law has been resolved.18 --- END --- p. 2 SB 5718