PREPROPOSAL STATEMENT OF INQUIRY
RETIREMENT SYSTEMS
Subject of Possible Rule Making: Modifying the state deferred compensation recordkeeping system and miscellaneous changes.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 41.50.050.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: RCW 41.50.770 and 41.50.780 govern the deferred compensation plan. These rules are intended to improve the plan's recordkeeping process and to make technical corrections.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: Because the department already has existing rules on this subject in place and the changes are being made to improve plan recordkeeping and to make housekeeping changes, the department did not seek input on the preliminary draft prior to filing the CR-101. Copies of the draft rule will be circulated to interested parties for comment. Interested parties include those persons known to the department, such as state employees, and any other person who requests a copy and/or opportunity to comment.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Anne Holdren, Deferred Compensation Plan, Department of Retirement Systems, Mailstop 48380, P.O. Box 48380, Olympia, WA 98504-8380, phone (360) 664-7009, fax (360) 753-3166.
November 16, 1999
Elyette M. Weinstein
Rules Coordinator