Introduced
by
To allow the state, schools and local governments to automatically enroll eligible employees in 401(k) type retirement accounts, with a percentage of the individual’s pay deposited in the account. An employee could choose to opt-out of deductions and deposits.
Referred to the Committee on Financial Liability Reform
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 106 to 2 (details)
Referred to the Committee on Reforms, Restructuring, and Reinventing
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 22 to 14 (details)
To allow the state, schools and local governments to automatically enroll eligible employees in 401(k) type retirement accounts, with a percentage of the individual’s pay deposited in the account. An employee could choose to opt-out of deductions and deposits.
Passed in the House 108 to 2 (details)
To concur with the Senate-passed version of the bill.
