Achieving a Better Life Experience Governing Board
The governing board's duties related to eligible individual Washington achieving a better life experience program accounts include conducting the activities of trade instruction, settlement activities, and direction of cash movement and related wire transfers with the custodian bank and outside investment firms. The governing board has sole responsibility for contracting with any recordkeepers for individual Washington achieving a better life experience program accounts and shall manage the performance of recordkeepers under those contracts.
Policy Area
Human Services
Governor Appointments
4
Total Board Positions
7
Public Disclosure Required?
No
Senate Confirmation Required?
No
Compensation
$50 per day plus travel reimbursement
Term Length (years) 4
Statutory Term Limits
n/a
Board Requirements
The governing board shall consist of seven members as follows:
a) The state treasurer or his or her designee;
(b) The program director for the committee on advanced tuition payment established in RCW 28B.95.020;
(c) The director of the office of financial management or his or her designee; and
(d) Four members with demonstrated financial, legal, or disability program experience, appointed by the governor.
