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January 21, 2022

House passes pause to WA Cares Fund

  • There are concerns about long-term solvency of the program and criticism of the timing of the payroll tax that pays for it.
    • By RACHEL LA CORTE
    Associated Press

    OLYMPIA — Nearly three years ago, Washington became the first state in the nation to establish a defined benefit to help offset the costs of long-term care. Now, lawmakers are quickly moving to delay implementation amid concerns about long-term solvency of the program and criticism of the timing of the payroll tax that pays for it.

    The lifetime maximum of the benefit is $36,500, with annual increases to be determined based on inflation, and the program is funded by workers, who pay a premium of .58% of total pay per paycheck.


     
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