AWSP Blog

Definition of “An embarrassment of riches”. So many good things that it is difficult to fund just one. The legislative session has concluded, the Governor has acted, and now as the show goes on, districts have to adjust. The supplemental budget (ESSB 5693) approved by the Legislature and the Governor increased general fund spending to $64 billion, an increase of $5 billion over the budget approved in April 2021. The final budget increased state spending by 24% over the previous biennium and by more than 50% since 2017.

The legislative clock continues to count down. The Senate is dealing with 85 bills while the House has 65 on their calendar for possible action. March 4th is the last day to consider opposite house bills. Both chambers then retreat into cloaked meetings to negotiate bills differences. While these negotiations are going on, any upcoming committee agendas will generally be scheduled work sessions to set direction for the interim and next session. That’s assuming they meet.

Each chamber is now engaged in floor sessions deciding the fate of various bills. Committee action is at a minimum. The next critical deadline is Feb. 15th when bills need to be out of their house of origin and committee hearings restart. As an annual reminder, no bill is ever ‘dead’ until Sine Die, and any bill deemed ‘necessary to implement the budget’ (NTIB) remains alive until the bitter end.

Since covering pension/retirement/health insurance issues on behalf of WASA and AWSP, there are a few important points we have learned. This is just a brief summary of selected retirement related topics. However, the importance of advance planning cannot be overstated. These are not issues to put off until the last month of either one’s impending retirement or approaching Medicare eligible age. It’s best to complete your retirement application 30–90 days before you plan to retire.

The legislative session has concluded, the Governor has acted, and now as the show goes on, districts have to adjust. Clearly, the COVID virus, and Federal and state efforts to lessen the financial impacts on states, businesses, and individuals, came into play during this session.