Pension

Bailey’s work on state pensions highlights fiscal responsibility New report shows $3.4 trillion hole in public pensions nation-wide Sen. Barbara Bailey, R-Oak Harbor, has served on the state’s Select Committee on Pension Policy for over a decade. In that time Bailey has worked to ensure the health of the state’s pension systems. Those efforts have paid dividends, especially... Read More...
Bailey bill expanding employee-savings becomes law Sen. Barbara Bailey’s legislation to help more public employees save for retirement was signed by Gov. Jay Inslee in a formal ceremony this past Thursday morning. The law created by Senate Bill 5435 will require new, full-time state employees hired after Jan. 1, 2017, to be automatically enrolled in the... Read More...
More flexibility for State Patrol retirement plans becomes law Sen. Barbara Bailey’s legislation that would allow Washington State Patrol officers to purchase life annuity benefits as part of a menu of options from the retirement system was signed by Gov. Jay Inslee in a formal ceremony last Saturday. Senate Bill 5210 was the result of Bailey’s work and recommendations... Read More...
Sen. Bailey’s E-newsletter – Aug. 13, 2014 Greetings friends & neighbors, It has been a busy summer with meetings in Olympia and numerous engagements throughout the district. Thank you to everyone who has reached out to my office, whether to invite me to a speaking engagement, or to bring to my attention issues of concern in our... Read More...
Statement: Today’s State Supreme Court ruling on pensions “The taxpayers have cause to celebrate with today’s ruling. The effects of this case could have been far reaching, hampering legislative authority, leaving the state vulnerable and costing taxpayers billions of dollars. The ruling doesn’t mean we are breaking a promise to state employees but enables us to manage pensions... Read More...