PREPROPOSAL STATEMENT OF INQUIRY
Subject of Possible Rule Making: Rules related to Internal Revenue Code requirements, including, but not limited to, WAC 415-02-740 and 415-02-751.
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: Amended rules will ensure continued retirement system plans qualifications and compliance with Internal Revenue Code requirements.
Process for Developing New Rule: The department of retirement systems (DRS) will amend 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, DRS, 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 27, 2012