BILL · 2007–08 SESSION

HB 2044: Voluntary retirement account

Creating the Washington voluntary retirement accounts program.

Summary

  • Creates the Washington Voluntary Retirement Accounts Program (WVRA), subject to funding being specifically provided for it in the operating budget.
  • Requires the Director of the Department of Retirement Systems to develop a plan for the WVRA and seek approval to offer the plan on a tax-qualified basis to private-sector workers in Washington.
  • Creates a WVRA Partnership Program Account for moneys used to administer the WVRA program on a non-appropriated basis.
  • Requires private employers to provide employees with the opportunity to enroll in the WVRA.

From the House Bill Analysis 2007 (HB 2044), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 6, 2007
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Eric Pettigrew (D-37)
Introduced
February 6, 2007 in the House
Last action
January 14, 2008
Companion bill
SB 6067
Budget
Has a fiscal note

AN ACT Relating to creating the Washington voluntary retirement accounts program;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Appropriations.

HB 2044 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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