Christine Gregoire on Social Security

Democratic WA Governor

End automatic benefit increases in state retirement programs

I am proposing we repeal a 1995 law that gave automatic benefit increases to retirees in the old PERS 1 and TRS 1 pension plans. The pension law was well intended but it carries a staggering price tag and we simply cannot afford it. Pension reform will save $2 billion over the next four years and more than $11 billion during the next 25 years.

I have looked at every state program and asked if it can be provided by others, if users should pay for it or if there are better ways to deliver the service.

Source: 2011 Washington State of the State Address , Jan 11, 2011

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Page last updated: Apr 25, 2013