(1) The department will accept requests by retirees to deduct insurance premiums from retirement allowances if the retiree's insurance provider has at least 25 such retirees enrolled in a deduction program and has an established agreement with the department.
(2) The department may suspend deductions if the provider has fewer than 25 participants and remains under 25 participants for more than 90 days.
(3) This rule applies to all retirement systems administered by the department.
[Statutory Authority: SECURE Act 2.0, P.L. 117-328, and RCW
41.50.050. WSR 23-22-111, § 415-02-100, filed 10/31/23, effective 11/2/23. Statutory Authority: RCW
41.50.050(5). WSR 07-22-026, § 415-02-100, filed 10/26/07, effective 11/26/07; WSR 06-21-001, § 415-02-100, filed 10/4/06, effective 11/4/06. Statutory Authority: RCW
41.50.050. WSR 00-10-016, § 415-02-100, filed 4/21/00, effective 5/22/00. Statutory Authority: RCW
41.50.050(5) and
41.50.090. WSR 84-24-017 (Order V), § 415-02-100, filed 11/28/84.]