a secure retirement for every worker in Washington State

The Washington State Department of Retirement Systems is currently designing a program called Washington Voluntary Accounts (WVA). It is based upon a policy proposal developed by EOI for Universal Voluntary Savings Accounts, to expand retirement security for workers who aren't covered by a retirement plan.

Using payroll deductions and optional employer contributions, WVAs provide an easy way for individuals to save for retirement, and help small businesses - who often lack the resources to provide their own retirement plan - make a retirement plan available to their workers. WVAs will:

• Make voluntary, portable retirement savings available to all workers in the state.
• Allow workers to make tax-deferred contributions to a 401 (k)-style retirement account, through a new plan administered by the Washington State Department of Retirement Systems.
• Provide an easy and inexpensive mechanics for small business to offer the benefit of a retirement plan to workers.

You can read more about what's happening in Washington - and other states around the country - in the UVRA State Update.

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Featured PublicationS

Washington Voluntary Retirement Accounts: Universal Access to Retirement Security

01.25.2010 | Outlines a plan for Washington State operated employer- and employee- based retirement accounts.
Fact Sheet »

Legislation

2009-2010 Biennium

House Bill 2754 »Senate Bill 6541 »

House Bill 1893 »Senate Bill 5791 »

2007-2008 Biennium

House Bill 2044 »

2005-2006 Biennium

House Bill 1570 »Senate Bill 5544 »

2003-2004 Biennium

House Bill 1733 »Senate Bill 5774 »

State Updates

What's happening with UVRAs around the country.Uvra Updates »