WAC 415-501-010. What is the purpose of this chapter, and does it apply to me?

(1) This chapter establishes the "deferred compensation plan" according to the provisions of RCW 41.50.030 (2), 41.50.088 (2), 41.50.770 , 41.50.780 , and Section 457 of the Internal Revenue Code. This plan is for employees of the state of Washington and approved political subdivisions of the state of Washington. (2) This chapter does not: (a) Apply to any other plan administered by the department; (b) Constitute an employment agreement between the participant and the employer; or (c) Give a participant any right to be retained in the employ of the employer.