WSR 19-19-088
PREPROPOSAL STATEMENT OF INQUIRY
DEPARTMENT OF
RETIREMENT SYSTEMS
[Filed September 18, 2019, 10:00 a.m.]
Subject of Possible Rule Making: The calculation of the retirement benefit for members with service in more than one retirement plan.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 41.50.050, 41.54.030.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: RCW 41.54.030(2) allows members with service in more than one plan to use the base salary earned in one plan as the compensation for calculating the retirement benefit from another plan. This rule making will clarify the process for calculating the benefit and ensure consistency between the plans.
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, Department of Retirement Systems, P.O. Box 48380, Olympia, WA 98504-8380, phone 360-664-7291, TTY 711, email drs.Rules@drs.wa.gov, web site www.drs.wa.gov/rules/.
September 18, 2019
Jilene Siegel
Rules Coordinator