Voters to decide on possible Long Term Care Trust Fund changes
Greg Markley, Washington Council of Firefighters, addresses a rally in favor of Senate Joint Resolution 8201. The amendment would allow a portion of the money in the state’s Long Term Care Trust Fund to be invested in private securities and stocks. Opponents say it would expose the fund to increased risk of loss.
COURTESY PHOTO/APPROVE 8201 CAMPAIGN
OLYMPIA — Washington voters will be asked to accept or reject a constitutional amendment to allow funds from a program designed to help pay for extended care services to be invested in different securities than what’s allowed now. Kristen Hyde, press secretary for the campaign in support of the amendment, said the proposal would leave most of the money in the current investment portfolio.
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