WSR 13-08-051




[ Filed March 29, 2013, 8:16 a.m. ]

     Original Notice.

     Preproposal statement of inquiry was filed as WSR 13-03-029.

     Title of Rule and Other Identifying Information: Chapter 131-16 WAC governing the Washington state board for community and technical colleges retirement plan.

     Hearing Location(s): Green River Community College, 12401 S.E. 320th Street, Auburn, WA 98092, on May 9, 2013, at 8:00 a.m.

     Date of Intended Adoption: May 9, 2013.

     Submit Written Comments to: John Boesenberg, 1300 Quince Street S.E., Olympia, WA 98504, e-mail, fax (360) 704-4415, by April 25, 2013.

     Assistance for Persons with Disabilities: Contact Beth Gordon by April 25, 2013, TTY (360) 704-4309 or fax (360) 704-4415.

     Purpose of the Proposal and Its Anticipated Effects, Including Any Changes in Existing Rules: We are repealing the rules governing the higher education retirement plan the state board sponsors. The plan document, adopted by the state board and required by the IRS, includes the rules provisions and meets federal requirements.

     Reasons Supporting Proposal: Given the board adoption of a plan document, the rules are repetitive.

     Statutory Authority for Adoption: RCW 28B.50.400.

     Statute Being Implemented: RCW 28B.50.400.

     Rule is not necessitated by federal law, federal or state court decision.

     Name of Proponent: Washington state board for community and technical colleges, governmental.

     Name of Agency Personnel Responsible for Drafting, Implementation and Enforcement: John Boesenberg, 1300 Quince Street S.E., Olympia, WA 98504, (360) 704-4303.

     No small business economic impact statement has been prepared under chapter 19.85 RCW. No impact.

     A cost-benefit analysis is not required under RCW 34.05.328. State board is not a listed agency under RCW 34.05.328 and is therefore exempt from the provision.

March 29, 2013

Beth Gordon

Executive Assistant



     The following sections of the Washington Administrative Code are repealed:
WAC 131-16-010 Establishment of the state board retirement plan.
WAC 131-16-011 Definitions.
WAC 131-16-015 Retirement benefit goal established.
WAC 131-16-021 Employees eligible to participate in the retirement plan.
WAC 131-16-031 Participation in the plan.
WAC 131-16-040 Disability retirement provisions for plan participants.
WAC 131-16-045 Transfers to and from other plans.
WAC 131-16-050 Contribution rates established.
WAC 131-16-055 Options for self-directed investment of retirement plan contributions and accumulations.
WAC 131-16-056 Hardship withdrawals.
WAC 131-16-060 Cashability.
WAC 131-16-061 Supplemental retirement benefits.
WAC 131-16-062 Benefit options after termination of employment.
WAC 131-16-065 Optional retirement transition benefit.
WAC 131-16-066 Single sum death benefit to spouse beneficiaries.