Subject of Possible Rule Making: Chapter 131-16 WAC governing the Washington state board for community and technical colleges retirement plan.

     Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 28B.10.400.

     Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: The state board is considering elimination of rules governing the higher education retirement plan it sponsors. The plan document, adopted by the state board and required by the IRS, includes the rule provisions and meets federal requirements. Given board adoption of a plan document, rules are repetitive.

     Process for Developing New Rule: Normal rule making.

     Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting John Boesenberg, 1300 Quince Street S.E., P.O. Box 42495, Olympia, WA 98504, fax (360) 704-4415, e-mail jboesenberg@sbctc.edu, phone (360) 704-4303.

January 8, 2013

Beth Gordon

Executive Assistant