WSR 16-12-033 DEPARTMENT OF RETIREMENT SYSTEMS [Filed May 24, 2016, 2:55 p.m.]
PUBLIC NOTICE Proposed Administrative Factors
A new law (ESB 5873) effective June 9, 2016, gives law enforcement officers' and firefighters' (LEOFF) Plan 1 retirees an opportunity to provide survivor benefits to their post retirement spouse or registered domestic partner. Administrative factors will be used to calculate the cost of this benefit.
The proposed factors are available for review at http://www.drs.wa.gov/administration/administrative-factors/default.htm.
There will be a review period and a public hearing to allow stakeholders to comment on the proposed factors. Comments may be submitted by e-mail to Rules@drs.wa.gov by 9 a.m., July 5, 2016, or in person at the hearing.
Hearing date, time and location: July 5, 2016, 11 a.m., Department of Retirement Systems, 6835 Capitol Boulevard, Room 115, Tumwater, WA 98501.
The department anticipates adopting the proposed factors following the hearing on July 5, 2016. If adopted, the new factors will go into effect on July 6, 2016.
For additional information, contact the rules coordinator at Rules@drs.wa.gov or (360) 664-7291. |