ESSB 6069 — Improving retirement security for Washingtonians by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute. (REVISED FOR ENGROSSED: Improving private Washington workforce retirement security standards by establishing Washington saves, an automatic enrollment individual retirement savings account program, and updating the Washington retirement marketplace statute.)

What this bill does

Establishes Washington Saves, a state-facilitated automatic enrollment individual retirement savings account program. Establishes a governing board, chaired by the State Treasurer to establish, design, implement, manage, and oversee Washington Saves. Permits an investment manager to invest the program funds and establishes an administrative account and trust account. Establishes regulations and procedures for confidentiality, complaints, appeals, violations, and civil penalties. Makes changes to the Washington Small Business Retirement Marketplace.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• House — Final Passage as Amended by the House · March 1, 2024
  66 yea · 30 nay · 2 not voting
• House — Final Passage As Amended by the House on Reconsideration · March 1, 2024
  57 yea · 39 nay · 2 not voting
• House — Final Passage as Amended by the House · March 6, 2024
  55 yea · 41 nay · 1 not voting
• Senate — Final Passage as Amended by the House · March 7, 2024
  35 yea · 12 nay · 2 not voting
• Senate — 3rd Reading & Final Passage · February 12, 2024
  43 yea · 6 nay

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Other bills sponsored by Mullet

• 2SSB 5048 — Eliminating college in the high school fees.
• SSB 5057 — Creating a work group to evaluate the costs of the state energy performance standard for covered commercial buildings.
• E2SSB 5199 — Providing tax relief for newspaper publishers.
• ESSB 5200 — Concerning the capital budget.
• SSB 5201 — Concerning state general obligation bonds and related accounts.