WSR 16-20-042

PREPROPOSAL STATEMENT OF INQUIRY

[Filed September 28, 2016, 1:34 p.m.]

Subject of Possible Rule Making: Purchase an annuity.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 41.50.050.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Chapter 222, Laws of 2016 (SB [SSB] 6264) provides the opportunity for members of the law enforcement officers' and firefighters (LEOFF) plan 1 retirement system to purchase an annuity. This rule-making action will incorporate the new provisions into the existing rule concerning annuity purchases.

Process for Developing New Rule: Agency study.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jilene Siegel, Rules Coordinator, Department of Retirement Systems, P.O. Box 48380, Olympia, WA 98504-8380, e-mail Rules@drs.wa.gov, phone (360) 664-7291.

September 28, 2016

Jilene A. Siegel

Rules Coordinator