Amendment 8201 would allow the state’s long-term care fund to invest like pension funds. Supporters call it smart growth, opponents say it’s too risky.
SEATTLE — Washington voters this November will decide whether to let the state’s long-term care insurance fund invest in the stock market.
The measure, known as Amendment 8201, would change the state constitution to allow the Long-Term Services & Supports Trust Fund — also known as WA Cares — to be invested in equities and other diversified assets. Currently, the constitution limits how public trust funds can be invested, restricting them mostly to bonds and other fixed-income securities.
WA Cares
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