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
- IntroducedFeb 2, 2009
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- 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
Prime sponsor: Eric Pettigrew (D-37)
17 co-sponsors (16 Democrats, 1 Republican)
Mark Ericks D-1Ruth Kagi D-32Jeannie Darneille D-27Sherry Appleton D-23Timm Ormsby D-3Hans Dunshee D-44Sharon Nelson D-34Steve Conway D-29Senator D-22Geoff Simpson D-47Mary Lou Dickerson D-36Gary Alexander R-20Dawn Morrell D-25Jim Moeller D-49Sharon Tomiko Santos D-37Phyllis Gutierrez Kenney D-46Alex Wood D-3
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- 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.
- HB 1893 (2025–26) Judicial liability
- HB 1893 (2023–24) Unemp ins/strikes & lockouts
- HB 1893 (2021–22) EMTs/public health
- HB 1893 (2019–20) Postsecondary student assist
- HB 1893 (2017–18) Spirits & wine/credit card
- HB 1893 (2015–16) Cmty & tech college budgets
- HB 1893 (2013–14) POW/MIA flag, display
- HB 1893 (2011–12) School safety/searches