Washington § 41.40.1987 - Monthly benefit increase.

Full text of Washington Revised Code of Washington § 41.40.1987 — Monthly benefit increase., with citation guidance and answers to common questions.

§ 41.40.1987. Monthly benefit increase.

(1) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2017, shall receive, effective July 1, 2018, an increase to their monthly benefit of one and one-half percent multiplied by the beneficiaries' monthly benefit, not to exceed $62.50.
(2) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2019, shall receive, effective July 1, 2020, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $62.50.
(3) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2021, shall receive, effective July 1, 2022, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(4) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2022, shall receive, effective July 1, 2023, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(5) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2023, shall receive, effective July 1, 2024, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(6) Beneficiaries who are receiving a monthly benefit from the public employees' retirement system plan 1 on July 1, 2025, shall receive, effective July 1, 2026, an increase to their monthly benefit of three percent multiplied by the beneficiaries' monthly benefit, not to exceed $110.00.
(7) This section does not apply to those receiving benefits pursuant to RCW 41.40.1984.
[ 2026 c 248 s 2; 2024 c 255 s 2; 2023 c 397 s 4; 2022 c 52 s 2; 2020 c 329 s 1; 2018 c 151 s 2.]

Notes

Effective date—2026 c 248: See note following RCW 41.32.4992.
Finding—Effective date—Study on ongoing cost-of-living adjustments—2023 c 397: See notes following RCW 41.32.4992.
Effective date—2022 c 52: See note following RCW 41.32.4992.
Effective date—2020 c 329: See note following RCW 41.32.4992.
Effective date—2018 c 151: See note following RCW 41.32.4992.

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Frequently Asked Questions About Washington § 41.40.1987

What does Revised Code of Washington § 41.40.1987 cover?

Section 41.40.1987 ("Monthly benefit increase.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 41.40.1987?

A common citation format is "Revised Code of Washington § 41.40.1987" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 41.40.1987 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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