During a recent meeting of the state legislative select committee on pension policy, significant discussions centered around the public employees' retirement system (PERS), particularly Plan 1, which has been closed to new employees since 1972. A former mayor of Lacey highlighted the struggles faced by retirees, many of whom have seen their purchasing power diminish by up to 35% since the termination of the cost of living adjustment (COLA) in 2011. With an average annual income of just $27,922 and an average age of 80, these retirees are increasingly finding it difficult to manage rising living costs.

The committee voted overwhelmingly, 14 to 1, in favor of a proposal to reinstate COLA for PERS and the Teachers' Retirement System (TERS) Plan 1 retirees, aligning it with current adjustments for PERS Plan 23. The only opposition came from a lobbyist representing the Washington Association of Cities. Advocates for the proposal urged the committee to support the legislation, emphasizing the economic hardships faced by older residents who cannot re-enter the workforce.

In addition to pension discussions, the council also recognized Hispanic and Latinx Heritage Month, with a proclamation celebrating the contributions of these communities to Lacey and the broader Washington state. The proclamation, presented by Council Member Dunning, acknowledged the diversity within the Hispanic and Latinx populations and highlighted their significant roles in various sectors, including public service and education. David Puente, a board member of Cielo, a local organization supporting Latinx and immigrant communities, expressed gratitude for the recognition and emphasized the importance of community engagement and social justice.

The meeting underscored the dual focus on addressing the financial needs of aging public employees while also celebrating the cultural contributions of diverse communities within Lacey.