WSR 05-05-018

PREPROPOSAL STATEMENT OF INQUIRY

STATE BOARD FOR

COMMUNITY AND TECHNICAL COLLEGES

[ Filed February 8, 2005, 2:01 p.m. ]

Subject of Possible Rule Making: Title 131 WAC governing the Washington State Board for Community and Technical Colleges' retirement plan.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 28B.10.400.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Update plan rules for clarification and provide access for plan participants to new retirement saving options made available by TIAA-CREF.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: The Internal Revenue Service will review the updates to plan documents to confirm tax status of contributions.

Process for Developing New Rule: Normal rule making.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting John Boesenberg, P.O. Box 42495, Olympia, WA 98504-2495, (360) 704-4303.

February 8, 2005

DelRae Oderman

Executive Assistant

Agency Rules Coordinator

Washington State Code Reviser's Office