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2013 House Bill 4964: Authorize automatic government employee 401(k) enrollments

Public Act 242 of 2014

Introduced by Rep. John Walsh (R) on September 10, 2013 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.   Official Text and Analysis.
Referred to the House Financial Liability Reform Committee on September 10, 2013
Reported in the House on March 6, 2014 With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered in the House on March 11, 2014
The substitute passed by voice vote in the House on March 11, 2014
Passed 106 to 2 in the House on March 12, 2014 (same description)
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.
Received in the Senate on March 13, 2014
Referred to the Senate Reforms, Restructuring and Reinventing Committee on March 13, 2014
Reported in the Senate on May 8, 2014 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on June 4, 2014
The substitute passed by voice vote in the Senate on June 4, 2014
Passed 22 to 14 in the Senate on June 4, 2014 (same description)
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.
Received in the House on June 4, 2014
Passed 108 to 2 in the House on June 10, 2014 To concur with the Senate-passed version of the bill.
Signed by Gov. Rick Snyder on June 21, 2014

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