WSR 10-06-031

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF

RETIREMENT SYSTEMS

[ Filed February 23, 2010, 9:08 a.m. ]

Subject of Possible Rule Making: Rules related to Internal Revenue Code requirements, such as WAC 415-106-050 How does the department comply with Internal Revenue Code distribution rules?, 415-106-060 What are the IRS limitations on maximum benefits and maximum contributions?, 415-106-070 Assets for exclusive benefit of members and beneficiaries, and others.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 41.50.050(5).

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The department will update, rewrite, and create rules as necessary in plain English.

Process for Developing New Rule: The department of retirement systems (DRS) will develop the draft rule(s) with the assistance of the attorney general's office. The public is invited and encouraged to participate, as described below.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication. DRS encourages your active participation in the rule-making process. After the rule(s) is drafted, DRS will file a copy with the office of the code reviser with a notice of proposed rule making. The notice will include the time and date of a public rules hearing. DRS will send a copy of the notice and the proposed rule(s) to everyone currently on the mailing list and anyone else who requests a copy. To request a copy or for more information on how to participate, please contact Ken Goolsby, Rules Coordinator, Department of Retirement Systems, P.O. Box 48380, Olympia, WA 98504-8380, voice (360) 664-7291, TTY (360) 586-5450, fax (360) 753-5397, e-mail Rules@drs.wa.gov.

February 23, 2010

Ken Goolsby

Rules Coordinator

Washington State Code Reviser's Office