WASHINGTON – Washington voters in the November 4 general election will decide Senate Joint Resolution 8201 , a proposal to amend the state constitution.

The amendment aims to allow the state’s long-term care fund, dedicated to seniors and people with disabilities, to be invested in private company stocks.

Currently, the Washington Constitution limits state investments to fixed-income securities like government and corporate bonds.

However, certain funds, such as public pension or retirement funds, are exempt from this restriction.

In 2019, Washington established a long-term care insurance program funded by employee payroll deductions. These funds are deposited into the Long-Term Services and Supports Trust Account, which cannot currently be invested in stocks.

If the proposed amendm

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