Subject of Possible Rule Making: Early retirement allowance reductions for new members beginning May 1, 2013.

     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: To implement the provisions of 2ESB 6378 related to changing the retirement allowance reductions for members who begin membership in PERS, SERS or TRS on or after May 1, 2013, and subsequently retire after reaching age fifty-five and completing thirty or more years of service.

     Process for Developing New Rule:       Negotiated rule making.

     Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jilene Siegel, Rules Coordinator, Department of Retirement Systems, P.O. Box 48380, Olympia, WA 98504-8380, e-mail Rules@drs.wa.gov, phone (360) 664-7291.

November 5, 2012

Jilene A. Siegel

Rules Coordinator