November 21st 2024

retirement

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Pension Funding Statuses for LEOFF 1

Best Estimates

Click here to view the estimated funding statuses for
LEOFF 1.

Budget Update - 6/30/2017:


The Washington State Legislature released the state Omnibus Operating Budget (PSSB 5883) for 2017-2019 early in the morning Friday, June 30, 2017. There was no merger of the LEOFF 1 Retirement Plan. The state legislators are leaving our retirement money alone.
Special thanks to:
  • Senator Mark Miloscia
    • 30th Legislative District
  • Senator Phil Fortunato
    • 31st Legislative District
  • House of Representatives
Thank you for all your help.

-The LEOFF 1 Coalition Board

Washington State Department of Retirement Systems

Comprehensive Annual Financial Report - 2015: Click here to read the full report.

The link above goes to the full document. Information pertaining to LEOFF Plan 1 can be found on pages 21, 25, 38-39, 42, 60-62, 80, 84, 88, 91, 128, 130, 132, 134, 138, 142, 147, 151, 155, 158, 162, 177, 190, 208, 220, and 228.

Should we ask for more benefits?

Thoughts on LEOFF I Pension Points

LEOFF I Pension is Safe If No One Raids Our Pension
Other Pensions Are in Trouble
Pension report says longer lifespan means a shortfall is coming in state pension plans.

Cost of living as of April 1, 2013

LEOFF Plan I (RCW 41.26.240)

Retirement Dates Adjustments
April 2, 2012 - March 31, 2013 0.00%
January 1, 2012 - April 1, 2012 2.54%
April 2, 2011 - Decemer 31, 2011 5.79%
Prior to April 2, 2011 2.54%

Cost of living as of April 1, 2012

LEOFF Plan I (RCW 41.26.240)

Retirement Dates Adjustments
April 2, 2011 - March 31, 2012 0.00%
January 1, 2011 - April 1, 2011 3.17%
April 2, 2010 - Decemer 31, 2010 3.98%
Prior to April 2, 2010 3.17%

LEOFF 1
ANNUAL COLA

The COLA for 2012 is estimated at 3.171%. This is LEOFF 1 retiree William Kantor's best ESTIMATE. The State will announce official COLA information sometime in March 2012.