Semi-Annual Rules Development Agenda and Rule filed January 31, 2023



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The Department of Labor & Industries (L&I) updated its rulemaking website

Semi-Annual Rules Development Agenda and Rule filed January 31, 2023

For information on all L&I meetings and public hearings related to rulemaking, please visit our?public participation calendar [ [link removed] ]. [ [link removed] ]

Semi-Annual Rules Development Agenda

The Department of Labor & Industries filed a Semi-Annual Rules Development Agenda for January 1 through June 30, 2023, in accordance with RCW 34.05.314.?

Semi-Annual Rules Development Agenda [ [link removed] ]

Division:?*Division: Insurance Services (Legal Services)*

Topic:?Adoption (CR-103) ? Pension Discount Rate (PDR) 2023

Brief Description:?The purpose of this rulemaking is to lower the pension discount rate (PDR) 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 of money when evaluating the present value of future pension payments. This rule lowers the PDR for self-insured employers from 5.7% to 5.6%.

*Effective date: April 1, 2023*

The links below provide additional information about this rulemaking:
CR-103 Adoption [ [link removed] ]

Adoption Language [ [link removed] ]

Concise Explanatory Statement (CES) [ [link removed] ]







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