Rulemaking Status:
Open
Rulemaking Subject/About:
The Washington Saves Governing Board (“Governing Board”) formally filed draft rules in a Notice of Proposed Rule Making (Form CR-102). The Governing Board is adopting rules to implement Washington Saves, Chapter 19.05 RCW. Washington Saves is a voluntary retirement savings program that enables workers without a workplace plan to save in an IRA through automatic payroll contributions.
Under Chapter 19.05 RCW, certain employers that meet specified criteria—including being in business for at least two years, maintaining a physical presence in Washington, and meeting a minimum employee hours threshold—will be required to facilitate the program for their employees if they do not offer a qualified retirement plan. The adoption of rules will help interpret these statutory requirements and support the successful development and operation of the program.
Rulemaking Documents
- CR-102 – Notice of Proposed Rule Making (PDF)
- Summary of Proposed Washington Saves Rules (PDF)
- Proposed Rules (PDF)
- Memo Regarding Notice of Proposed Rulemaking (PDF)
- CR-101 - Preproposal Statement of Inquiry (PDF)
- Memo to Interested Persons CR-101: Washington Saves Rules (PDF)
Comments
Washington Saves will accept written comments on the proposed rules until September 21, 2026. Please submit your comments by email to jill.vallely@dfi.wa.gov. A virtual hearing will be held over Zoom on September 22, 2026.
Rulemaking Hearing
Date and Time: September 22, 2026, at 2:00 p.m.
Learn more: Rulemaking | Washington Saves