PREPROPOSAL STATEMENT OF INQUIRY
[Filed October 21, 2020, 11:09 a.m.]
Subject of Possible Rule Making: Annuity purchases.
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 clarify the sources of funds that may be used to purchase a defined benefit annuity.
Process for Developing New Rule: Agency study.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jilene Siegel, Department of Retirement Systems, P.O. Box 48380, Olympia, WA 98504-8380, phone 360-664-7291, TTY 711, email Rules@drs.wa.gov, website www.drs.wa.gov/rules/.
October 21, 2020