Teachers Win $120M Pension Interest Verdict | Seattle News

A Washington judge just ordered the state to pay nearly $120 million to thousands of public school teachers—years of unpaid interest on pension contributions made in the 1990s. The state’s outdated computer system failed to calculate compounded interest for deposits made within the same quarter, costing teachers millions in lost returns. After a decade-long legal fight, plaintiffs—many now retired—celebrate a long-awaited win, though the state is appealing the exact amount. The total, now ballooning due to compounding, reflects a systemic oversight that’s now being corrected, even as officials insist the state’s pension system remains financially stable. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8517a640f3d395f5