Original Notice.

Preproposal statement of inquiry was filed as WSR 99-13-170.

Title of Rule: Actuarial tables, schedules, and factors.

Purpose: Amending chapter 491-02 WAC to adopt new actuarial tables for use in calculating joint survivors' option for pensions.

Statutory Authority for Adoption: RCW 41.24.290(2).

Summary: New actuarial tables for joint survivor option.

Reasons Supporting Proposal: Legislation authorizing pop-up provision for pensions made update of actuarial tables necessary.

Name of Agency Personnel Responsible for Drafting: Pamela J. Bigelow, Confidential Secretary, 605 11th S.E. #112, Olympia, 753-7318; Implementation and Enforcement: Joseph H. Faubion, Executive Secretary, 605 11th S.E. #112, Olympia, 753-7318.

Name of Proponent: State Board for Volunteer Firefighters, governmental.

Rule is not necessitated by federal law, federal or state court decision.

Explanation of Rule, its Purpose, and Anticipated Effects: Updates actuarial table used in calculation of joint survivor pensions to offset the pop-up provision enacted by the 1999 legislature.

Proposal Changes the Following Existing Rules: Amends chapter 491-02 WAC by updating actuarial tables.

No small business economic impact statement has been prepared under chapter 19.85 RCW. Does not impact small business.

RCW 34.05.328 does not apply to this rule adoption. Relates only to internal governmental operations, RCW 34.05.328 (5)(b)(ii).

Hearing Location: Olympia Forum Building, 605 East 11th Avenue #112, Olympia, WA, on October 15, 1999, at 9:00 a.m.

Assistance for Persons with Disabilities: Contact Pam Bigelow by October 14, 1999.

Submit Written Comments to: Fax (360) 586-1987, by October 14, 1999.

Date of Intended Adoption: October 15, 1999.

August 20, 1999

Joseph H. Faubion

Executive Secretary

OTS-3251.1

AMENDATORY SECTION(Amending WSR 90-24-033, filed 11/30/90, effective 12/31/90)

WAC 491-02-095
Actuarial tables, schedules, and factors.

This chapter contains the tables, schedules, and factors adopted by the board for volunteer fire fighters pursuant to the authority granted by RCW 41.24.185 for calculating optional retirement allowances of members of retirement systems administered by the board.  These tables, schedules, and factors were adopted by the board upon the recommendation of and in light of the findings of the state actuary in his regular actuarial investigation into the mortality, service, compensation, and other experience of the members and beneficiaries of such retirement systems.  The tables, schedules, and factors contained in this chapter shall govern the retirement allowances only of members retiring during the period from January 1, ((1991)) 2000, until such time as these tables, schedules, and factors are amended by the board following the next actuarial investigation conducted by the state actuary.  The retirement allowances of members retiring before January 1, ((1991)) 2000, shall continue to be governed by the tables, schedules, and factors in effect at the time of each member's retirement.  Any new tables, schedules, and factors adopted by the board in the future shall govern retirement allowances only of members retiring after the adoption of such new tables, schedules, and factors.

((BOARD FOR VOLUNTEER FIRE FIGHTERS

TABLE #1

JOINT/SURVIVORS PENSION