To join on your computer or mobile app (Zoom):
https://lni-wa-gov.zoom.us/j/88125201517?pwd=sbPUTVy6bvPhIyIOkcSH238ErHGKKS.1
Meeting ID: 881 2520 1517
Passcode: $%t5Ri$+

To join by phone (audio only):
253-215-8782 US (Tacoma)
Find your local number: https://lni-wa-gov.zoom.us/u/kdEkuhmjuL

The virtual meeting starts at 9:30 a.m. and will continue until all oral comments are received.

L&I encourages the submittal of written comments, due by 5:00 p.m. on December 5, 2024. 

The purpose of this rulemaking is to lower the pension discount rate (PDR) under WAC 296-14-8810 to better align with the rate of return for long-term treasuries for self-insured pensions. The PDR is the interest rate used to account for the time value money when evaluating the present value of future pension payments. This rule proposes to lower the PDR for self-insured employers from 5.5% to 5.4% effective April 1, 2025. These reductions allow our financial statements to more accurately reflect our liabilities and overall financial position, and are consistent with recommendations from our annual independent actuarial review of our rate making.