AND TECHNICAL COLLEGES
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 firstname.lastname@example.org, 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
The following sections of the Washington Administrative Code are repealed:
|WAC 131-16-010||Establishment of the state board retirement plan.|
|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 131-16-061||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.|