OLYMPIA—At its annual fall meeting, the WA529 Committee (GET’s governing body) voted to set the GET unit purchase price for the 2021-22 enrollment year at $114.01. This is the first time in GET’s history that the unit price matches the current payout value, based on the cost of tuition and state-mandated fees at Washington’s highest-priced public university (currently UW Tacoma, $11,401).

While this year’s unit price happens to match the current payout value, this was coincidental and due primarily to changes in actuarial assumptions about future tuition growth that the Committee...