- Associated Press - Tuesday, June 2, 2015

SEATTLE (AP) - Two teachers in the Snoqualmie Valley School District have filed a class-action lawsuit in federal court against the state pension system.

The lawsuit was filed Monday on behalf of current and former teachers who transferred their retirement savings from one plan to another in the state pension system.

The lawsuit claims the state wrongly withheld interest from teachers when their retirement savings were transferred.

Seattle attorney Steve Festor says his law firm unsuccessfully pursued the case in Washington state courts before filing it in federal court.

Festor said his law firm is not sure how much money is owed the teachers in the class, who he estimates to total about 20,000 people. A similar pension lawsuit filed in Washington on behalf of another group of teachers was settled for $5.5 million.

A request for comment from the Washington attorney general’s office was not immediately returned on Tuesday afternoon.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide