Early this year the Legislature passed a bill that created new options for GET customers Keep in mind that these adjustments only apply to unused units that were purchased before July 1 2015 and any units that were added to accounts during the 2017 rebasing These options are: roll your GET account into the new DreamAhead College Investment Plan at a special unit cash value keep your savings in your GET account and potentially receive additional GET units or Refund your GET account or roll it over to an out-of-state 529 plan with no program penalties So let’s take a closer look The first option allows you to roll your GET accounts over to DreamAhead at a special unit cash value of $143 a unit. This is different from the standard GET unit payout value. The incentive will be available beginning June 15 2018 and will last for 90 days All rollovers made before or after this 90 day period will be at the standard GET payout value The rollover process can be done easily through your online account Remember that this only applies to units purchased before July 1 2015 and any units added during their 2017 unit rebasing Units purchased after that date will pay out at $103.86 note that if you choose this option you will be closing your GET account and moving your funds to a 529 plan that Works much differently from GET. DreamAhead as an investment based 529 plan an account owners assume all risk You can learn more about DreamAhead at www.dreamahead.wa.gov The second option allows you to keep your GET account After the 90 dayGETt to DreamAhead rollover window closes, and before March 1st 2019 We will make up to two account adjustments for customers that stay in GET The first adjustment is for GET accounts with higher priced units If your average unit purchase price is higher than $117.82 Then we will add additional units to your account. To make this adjustment we will take your average unit price and subtract $117.82 Then we’ll multiply that number by the number of eligible units you have We’ll then divide this total by the current $113 unit price. The result will be the number of units we add to your account. If you have a custom monthly plan the calculation will be based on payments you made before July 1 2015. The second adjustment will apply to all remaining GET accounts with units purchased before July 1 2015 After the first adjustment GET’s funded status will be remeasured This is a measure of GET’s ability to meet future obligations If the funded status is above 125% when we measure it, we will add more units to all eligible accounts We won’t know how many units will be added until the funded status is measured However, the bill states that accounts cannot receive greater than 15% more units as a result of this adjustment The third option allows you to refund your GET account or roll it into another 529 plan without paying program refund penalties This temporary option has been available since September of 2015 And will last until the end o f the 90 day GET to DreamAhead incentivized rollover window If you choose this option, you will receive either your original contributions or the standard GET unit payout value Whichever is greater. We strongly advise you to consult IRS Publication 970 and a tax advisor about potential tax implications to stay up to date on these new options and to see examples of how these adjustments will work visit www.get.wa.gov/sb6087 We will continue to send you additional emails and letters so take a minute to log into your online account and ensure that your contact information is up to date.