The bill amends RCW 41.50.770 to include volunteer firefighters as eligible participants in the state deferred compensation program. Specifically, it adds the phrase "volunteer firefighter participants under RCW 41.24.010(8)(a)" to the definition of "employee," thereby allowing these individuals to defer a portion of their income into the state’s deferred compensation plan. Additionally, the bill clarifies that coverage under optional salary deferral programs will not affect an employee's eligibility for participation in any public employee pension system.

The legislation also outlines the responsibilities of the state and local governments in administering the deferred compensation plan, including the requirement for new full-time employees to be automatically enrolled unless they opt out. Furthermore, it mandates that by December 1, 2023, a Roth option must be offered within the deferred compensation plan. Overall, the bill aims to enhance the financial benefits available to volunteer firefighters while ensuring they have access to the same retirement savings options as other state employees.

Statutes affected:
Original Bill: 41.50.770
Bill as Passed Legislature: 41.50.770
Session Law: 41.50.770