Agreed clean the pivot with solvent, but I'd suggest red threadlocker. I never had much luck with blue.
I do think the threads on Benchmade pivot screws are looser than other brands. Unless you tighten them down tight, at which point the action is too stiff, the screw will back out without threadlocker.
I'd also suggest flattening/polishing the washers. Smear stropping compound on a single sheet of paper, work on a glass (flat & hard) surface, with light even pressure, circular motions, polish the washer until you can see your reflection in it. Your reflection should look normal, not distorted. If it does look distorted the washer isn't perfectly flat. Once the washers are perfectly flat and polished, you'll find you can tighten the pivot screw more than before and still retain a slick free swinging action. Not to mention reduced blade play. Those washers are often stamped. So they're not perfectly flat, sometime they are slightly concave on one side. That decreases the surface area in contact with the blade, less surface area = more pressure = more friction, which requires a loose pivot = more prone to loosening up later on.