Posts tagged retirement accounts
WATCH: Washington state ordered to repay $120 million in skimmed teacher pension funds
June 30, 2026 // More than 26,000 Washington state public school teachers finally won a decades-long class action lawsuit last week, in a fight over their retirement accounts. Thurston County Superior Court entered a final order last Thursday, June 25, siding in favor of the teachers in their case against the Washington State Department of Retirement Systems. The order requires DRS to return about $120 million of skimmed interest and investment returns into the retirement accounts of current and former teachers enrolled in the state retirement plan called TRS Plan 3.