2026 Senate Bill 807

Retirement: other; retirement program for certain nonpublic employees to participate in a benefit plan; create, and provide oversight.

A bill to create the secure retirement savings program to provide retirement savings options for certain employees; to provide for the powers and duties of certain governmental officers and entities; to require participation in the program by certain employers; to create the secure retirement savings program fund as a trust fund outside the state treasury consisting of employee retirement accounts; to establish the Michigan secure retirement administrative fund to pay program administrative expenses; to provide for civil fines; and to require the promulgation of rules.

Introduced in the Senate

Feb. 26, 2026

Introduced by Sens. John Cherry (D-27) and Mary Cavanagh (D-6)

Referred to the Committee on Labor