2012 Senate Bill 1142

Authorize automatic government employee 401(k) enrollments

Introduced in the Senate

May 24, 2012

Introduced by Sen. Phil Pavlov (R-25)

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 Appropriations