---
type: "Bill"
title: "Concerning actuarial funding of state retirement systems."
description: "Concerning actuarial funding of state retirement systems."
jurisdiction: "us/states/wa"
legislature: "Washington Legislature"
session: "2023-2024"
identifier: "SB 5294"
citation: "Washington SB 5294 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Rolfes"]
version_count: 4
action_count: 29
vote_count: 3
first_action: "2023-01-11"
last_action: "2023-05-09"
source: "openstates"
source_identifier: "ocd-bill/03a3acea-9fe0-4650-b709-2466208f7975"
source_url: "http://apps.leg.wa.gov/billinfo/summary.aspx?bill=5294&year=2023"
source_hash: "096d3ec526fbb49fc5a6ef81213f56ac59d9a55e7c74bf90ed34dc1f8d74c9ff"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-wa"]
---

# Washington SB 5294 (2023-2024) — Concerning actuarial funding of state retirement systems.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/Senate%20Bills/5294.htm)
2. **Engrossed Substitute Bill** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/Senate%20Bills/5294-S.E.htm)
3. **Substitute Bill** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/Senate%20Bills/5294-S.htm)
4. **Substitute Passed Legislature** (committee substitute) — [source](http://lawfilesext.leg.wa.gov/Biennium/2023-24/Htm/Bills/Senate%20Passed%20Legislature/5294-S.PL.htm)

## Votes

- Final Passage as Amended by the House (#24) — **98–0** (pass) · lower
- 3rd Reading & Final Passage (#22) — **48–0** (pass) · upper
- Final Passage (#14) — **97–0** (pass) · lower

## Sponsors

- Rolfes — primary (person)
- Van De Wege — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-01-11** First reading, referred to Ways & Means. `reading-1`
- **2023-01-23** Public hearing in the Senate Committee on Ways & Means at 4:00 PM.
- **2023-02-20** Executive action taken in the Senate Committee on Ways & Means at 9:00 AM.
- **2023-02-20** WM - Majority; 1st substitute bill be substituted, do pass. `substitution`
- **2023-02-20** Minority; without recommendation. `committee-passage-unfavorable`
- **2023-02-21** Passed to Rules Committee for second reading.
- **2023-02-22** Placed on second reading by Rules Committee. `reading-2`
- **2023-02-27** 1st substitute bill substituted (WM 23). `substitution`
- **2023-02-27** Floor amendment(s) adopted.
- **2023-02-27** Rules suspended. Placed on Third Reading. `reading-3`
- **2023-02-27** Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. `reading-3`
- **2023-03-01** First reading, referred to Appropriations. `reading-1`
- **2023-03-09** Public hearing in the House Committee on Appropriations at 4:00 PM.
- **2023-03-23** Executive action taken in the House Committee on Appropriations at 4:00 PM.
- **2023-03-23** APP - Majority; do pass with amendment(s) by Appropriations. `committee-passage-favorable`
- **2023-03-28** Referred to Rules 2 Review. `referral-committee`
- **2023-04-03** Placed on second reading by Rules Committee. `reading-2`
- **2023-04-05** Committee amendment(s) adopted with no other amendments.
- **2023-04-05** Rules suspended. Placed on Third Reading. `reading-3`
- **2023-04-05** Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0. `reading-3`
- **2023-04-13** Senate refuses to concur in House amendments. Asks House to recede from amendments.
- **2023-04-18** House receded from amendments.
- **2023-04-18** Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. `reading-3`
- **2023-04-19** President signed. `passage`
- **2023-04-20** Speaker signed. `passage`
- **2023-04-21** Delivered to Governor. `executive-receipt`
- **2023-05-09** Governor signed. `executive-signature`
- **2023-05-09** Chapter 396, 2023 Laws. `became-law`
- **2023-05-09** Effective date 6/30/2023. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/03a3acea-9fe0-4650-b709-2466208f7975`. Confidence: reported (aggregated from official Washington legislature records).