Pension Discount Rate (PDR) 2023Public Hearing on Proposed Rules
Wednesday, January 4, 2023
To join on your computer or mobile app (Zoom):
Meeting ID: 936 165 5337
To join by phone (audio only):
1-253-215-8782 US (Tacoma)
Find your local number: https://lni-wa-gov.zoom.us/u/kdFrdfe0fg
The hearing will start at 1:00 p.m. and continue until all oral comments are received.
L&I encourages the submittal of written comments, due by 5:00 p.m. on January 4, 2023.
Public hearings held virtually have proven effective in allowing greater public access, eliminating the burden of physical travel, and maintaining public safety. Accordingly, this public hearing will not be held in person.
Rules AffectedView the affected rules, purpose, and rulemaking status
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 April 1, 2023.