Measure on the ballot in the 2020 Washington General Election in Washington.
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Get StartedThis amendment would allow public money held in a fund for longterm care services and supports to be invested by governments as authorized by state law, including investments in private stocks.
An "APPROVED" vote on ESJR 8212 is a vote in support of allowing employee-paid premiums for state-sponsored long-term care benefits, currently deposited into a Trust Account, to be used to purchase stocks if the Legislature authorizes the investment.
A "REJECTED" vote on ESJR 8212 is a vote to uphold current Washington law prohibiting funds deposited in the Trust Account from being invested in stocks.
"We must not lose sight of the stock market’s high risk along with the questionable bottom line ethics of some Wall Street brokers. Don't gamble with the people's hard-earned money.", in opposition to Proposed Constitutional Amendment (Learn more)
"For long-range goals like those represented by the Long Term Care Trust Fund, it makes sense to seek a larger return. Yes, the stock market can take dips, but over time it has proven to be a wise investment.", in support of Proposed Constitutional Amendment (Learn more)
"ESJR 8212 will help reduce the burdensome cost of long-term care for hundreds of thousands of struggling Washington families by giving the Washington State Investment Board (WSIB) more options to manage investments in the long-term care fund responsibly. The Washington State Investment Board already invests pensions for front-line workers like our teachers, police, and firefighters in this manner.", in support of Proposed Constitutional Amendment (Learn more)
The legislature has proposed a constitutional amendment on investment of public funds. This amendment would allow public money held in a fund for longterm care services and supports to be invested by governments as authorized by state law, including investments in private stocks. Should this constitutional amendment be: Approved? Rejected?
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