BILL REQ. #:  H-2027.1 

Read first time 02/27/2003.   Referred to Committee on Commerce & Labor.

     AN ACT Relating to addressing the industrial insurance system administered by the department of labor and industries; and creating a new section.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   The legislature finds that the Washington industrial insurance system administered by the department of labor and industries is being affected by a period of national and state economic uncertainty that has reduced investment income and increased stresses on the system. It is the intent of the legislature to address these short-term economic problems with policy changes that assist this industrial insurance system through this period of uncertainty and that meet all of the following goals:
     (1) The policy changes should treat workers fairly without affecting their long-standing rights under the system;
     (2) The policy changes should support a sound and stable financial basis for the system; and
     (3) The policy changes should allow immediate efficiencies in administration.