HB 2034 and the LEOFF Pension System: What Washington Law Enforcement Needs to Know in 2026
Washington State's HB 2034 is the most significant piece of LEOFF pension legislation in decades. For members of the Washington Association of Sheriffs and Police Chiefs, the Washington State Council of Fire Fighters, and every active LEOFF Plan 1 and Plan 2 member statewide, this bill has direct implications for retirement planning decisions that must be made before June 10, 2026.
Current Status of HB 2034
01
Passed House of Representatives
On February 14, 2026, by a vote of 55–39.
02
Delivered to Governor's Desk
On March 12, 2026.
03
Pending Signature
As of the date of this publication, the bill awaits the Governor's signature.
When signed into law, HB 2034 will terminate the LEOFF Plan 1 fund under its current legal framework by June 30, 2029 and direct the transfer of the fund's surplus — projected to reach approximately $4 billion, representing roughly 225% funded status — to other state purposes as designated by the Legislature.
$4B
Projected Surplus
Estimated surplus from the LEOFF Plan 1 fund.
225%
Funded Status
Representing the financial health of the LEOFF Plan 1 fund.
Members should monitor the Governor's office for signature confirmation. The legislative text is available at app.leg.wa.gov. The Washington State Department of Retirement Systems maintains updated information for members at drs.wa.gov.