State and local pension payments could increase by $1.2 billion for 2015-17

Members of the state Select Committee on Pension Policy met today to approve one of three options concerning assumptions for government pensions in Washington. Instead the committee adopted a consensus proposal to merely forward to the state Pension Funding Council reports by the State Actuary showing a change in life expectancy for public employees and the impact that funding the required actuarial rates would have on the state and local budgets . . . READ MORE