WSR 16-09-061

PREPROPOSAL STATEMENT OF INQUIRY

[Filed April 15, 2016, 4:10 p.m.]

Subject of Possible Rule Making: To amend chapter 491-02 WAC to adopt new actuarial tables for use in calculating joint survivor pensions, survivor pensions, and lump sum payments for pensions.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 41.24.290(2).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The office of the state actuary has produced new tables based upon new mortality rates.

Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: There are no other federal or state agencies that regulate this subject.

Process for Developing New Rule: Agency study; and calculations by the office of the state actuary.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Brigette K. Smith, Executive Secretary, P.O. Box 114, Olympia, WA 98507, (877) 753-7318, e-mail brigettes@bvff.wa.gov. Board meeting notifications are posted on our web site at http://www.bvff.wa.gov. A comment period is built into the beginning and the end of all our board meetings, the dates of which are published both with the code reviser's office and at our web site listed above.

April 15, 2016

Brigette K. Smith

Executive Secretary