BILL · 2009–10 SESSION

HB 1893: Voluntary retirement accts

Creating the Washington voluntary retirement accounts program.

Summary

  • Creates the Washington Voluntary Retirement Account Program (Program), requiring private employers and the Department of Retirement Systems (DRS) to provide non-governmental employees the opportunity to participate in retirement plans called "individual retirement accounts."
  • Provides a deferred compensation program similar to a 401(k) and a workplace-based individual retirement account program.
  • Requires the DRS to administer the individual retirement accounts and the State Investment Board to invest the money in the Program.
  • Creates a Washington Voluntary Retirement Account Partnership Program Account for state and non-state funds collected for operation of the program.

From the House Bill Analysis 2009 (HB 1893), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 2, 2009
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Eric Pettigrew (D-37)
Introduced
February 2, 2009 in the House
Last action
March 15, 2010
Companion bill
SB 5791
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. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Ways & Means.

HB 1893 in other sessions

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

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