The original $5 million endowment given to the program by the state legislature in 1999 is nearly all obligated. Although it has grown to nearly $13 million in the past twenty years, the various fee matches have consumed its balance. Consequently, the governing board may do any of the following, to take effect on July 1, 2022:
The matches of state funds accrued to the individual accounts will remain with those accounts. We are talking about stopping future fee matches. We are not talking about taking away matches that have accrued to the accounts.
The brochure, information sheet and DDETF-ABLE comparison have been translated into Russian and Spanish. Check them out by selecting this link to the Forms webpage and scroll down towards the bottom under the Publications header.
Video blogs and recorded presentation webinars including the 2021 Trust Holder Meeting are available by selecting this link to the Video webpage. Alternatively, select the “videos” button located in the top blue and green banner stripe on the right side at the top of the web page.
The Endowment Trust Fund System (ETFS) service allows primary representatives to 1) view a trust account’s quarterly statements for the past three years, 2) view current account balance and 3) view recent transactions.
It is a three-step process to setup your ETFS service. There are screen shots of the steps shown in the user manual below that makes it is easy to follow. The process is:
Select this link to view or download the Endowment-Trust-Fund-System-User-Manual.
Once the pandemic wanes, we will return to presenting at conferences, transition fairs and other community events. In the meantime, the video web page contains several recorded presentations.
The trust office remains poised to serve our constituents whether its answering questions, depositing contributions, sending out disbursements, or completing enrollments.
Time: 10:00 am – 2:00 pm
Location: Sea-Tac Conference Center, Seoul Room / Virtual Zoom Meeting
The funds in the trust are conservatively invested and safely managed by the Washington State Investment Board. The DDETF transfers contributions quarterly to the WSIB to invest in the market. For additional details on how the funds are invested and historical investment returns, please visit the Washington State Investment Board website.
Be there for your loved ones today and tomorrow.