WA pension fund raid sparks federal lawsuit by first responders

Retired police officers and firefighters, including former Congressman Dave Reichert, filed a federal lawsuit Thursday challenging Washington's unprecedented plan to sweep nearly $4 billion from their overfunded pension account. The plaintiffs argue the move violates constitutional contract clauses and leaves benefits vulnerable to market downturns, while supporters maintain the law protects pension guarantees while addressing state budget shortfalls. https://www.clarkcountytoday.com/news/plan-to-sweep-4b-from-wa-police-and-firefighter-pension-fund-spurs-lawsuit/ #WashingtonState #PensionFund #Lawsuit #FirstResponders #BudgetCrisis #LEOFF1 #Politics