WSR 20-23-119

PREPROPOSAL STATEMENT OF INQUIRY

DEPARTMENT OF

RETIREMENT SYSTEMS

[Filed November 18, 2020, 9:59 a.m.]

Subject of Possible Rule Making: Deferred compensation program (DCP) distributions.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 41.50.030 and 41.50.050.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: To clarify distribution rules for DCP customers who return to covered employment.

Process for Developing New Rule: Agency study.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jilene Siegel, Department of Retirement Systems, P.O. Box 48380, Olympia, WA 98504-8380, phone 360-664-7291, TTY 711, email Rules@drs.wa.gov, website www.drs.wa.gov/rules/.

November 18, 2020

Jilene Siegel

Rules Coordinator