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WA529 committee approves year‑round enrollment, removes program refund penalties and simplifies refund and conversion rules
Summary
On March 18, 2026 the WA529 GET Committee voted unanimously to adopt four reinvigoration proposals: continuous open enrollment with continuous unit pricing; elimination of the program’s 10% refund penalty and related fees; simplified refund options; and expanded lump‑sum conversion eligibility for certain monthly plans.
The WA529 GET Committee on March 18 voted unanimously to implement four policy changes intended to boost enrollment, simplify participant rules and improve customer experience.
The committee, chaired by Michael Miotti, directed staff to move forward with continuous open enrollment and continuous unit pricing, ending the program’s long‑standing summer closure. Linda Ridgeway, GET director, said staff recommended the change to reduce customer confusion and smooth operational workloads, while flagging an actuarial timing risk between price adoption and payout valuation. “One of the key risks we identified … is the timing delay between the unit price adoption and the payout valuation,” Ridgeway said. Staff told the committee they would consult the Office of the State Actuary and report back if significant concerns emerge.
In the same package of actions the committee eliminated the program‑imposed 10%…
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