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Washington State Lawmakers Passed a Ticking Time Bomb for Pension Solvency and the State Budget
Reason Foundation 
[Opinion] May 15, 2025 "Engrossed Substitute Senate Bill 5357 (ESSB 5357) ... raises the long-term investment return assumption from 7% to 7.25% for every plan in the state ... [N]othing about the pensions' actual investments has changed to warrant this rosier assumption.... From 2030 onward, Washington will have to fund not only the normal pension costs of current workers, but also the delayed debt service from this maneuver -- effectively paying double for past obligations." MORE >> |
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