The state stopped pension payments, and terminated the plan for those still working? Why is this not a breach of contract?
“The state stopped pension payments”
I can see a State terminating a pension plan for new employees, but I can’t see cutting off pensions or taking away the contributions of working members.
> Why is this not a breach of contract? <
It’s amazing - and not in a good way - what a state can do. A friend of mine has a teacher’s license that was good for life (after a two-year probationary period, and then no felonious behavior).
Then the state said nope, everyone’s license is only good for five years. It can only be renewed by taking nonsensical, woke educational classes.
No one was grandfathered in.
Now good news: The classes are online. So sip on your favorite beverage, and just answer the way they want you to.
Repeat every five years.
It is a legacy pension plan (”LEOFF Plan 1”) closed to new participants since 1977...5K retirees on that plan will get their pension as per normal...6 people are left to retire hired before 1977 and will get all their pension benefits...WA state is sweeping the amount over 110% of “full funding” into the new “LEOFF Plan 2”.
Background:
https://www.drs.wa.gov/plan/leoff1/
https://wa-law.org/bill/2025-26/hb/2034/S/
https://www.wscff.org/update-on-hb-2034-and-leoff-1/
Oh, they’ll keep paying them but out of the in debt general treasury and they’ll be able to “adjust” payments based on “general societal needs”. Might even kick in a little bonus to the heirs/offspring if you euthanize oneself off it!