PREPROPOSAL STATEMENT OF INQUIRY
RETIREMENT SYSTEMS
Subject of Possible Rule Making: Defined contribution plan retirement systems under chapter 41.34 RCW.
Statutes Authorizing the Agency to Adopt Rules on this Subject: Chapter 41.34 RCW and RCW 41.50.050.
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Currently, there are no rules to provide guidance to members of defined contribution plan retirement systems under chapter 41.34 RCW. The proposed rules would provide such guidance to members, their employers and representatives.
Other Federal and State Agencies that Regulate this Subject and the Process Coordinating the Rule with These Agencies: None.
Process for Developing New Rule: 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 who are or will become members of the system, their employers and representatives. We will also make copies of the draft rules available to 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 Margaret Wimmer, TRS Plan Administrator, (360) 664-7044; Jack Bryant, SERS/PERS Plan Administrator, (360) 664-7193; Tim Valencia, Drafter, (360) 664-7117; or Elyette M. Weinstein, Rules Coordinator, (360) 664-7307; at the Department of Retirement Systems, fax (360) 753-3166, Mailstop 48380, P.O. Box 48380, Olympia, WA 98504-8380.
June 20, 2000
Elyette M. Weinstein
Rules Coordinator