2008 Senate Bill 1222

Increase state contributions to state employee 401k accounts

Introduced in the Senate

March 19, 2008

Introduced by Sen. Mark Schauer (D-19)

To increase from 4 percent to 6 percent of state employee salaries the amount the state much contribute to a government worker’s 401k-type defined contribution retirement account; increase from 3 percent the amount an employee can deposit; and increase the required employer-match for these employee deposits to that same amount.

Referred to the Committee on Appropriations