A bill to create the secure retirement savings board and prescribe its powers and duties.
Senate Bills 807 and 808 create a mandatory state-run automatic IRA retirement savings program for Michigan private-sector employees whose employers do not offer qualified retirement plans, with employer facilitation, employee opt-out, and state oversight, but no state or employer liability for investment outcomes.
Introduced
by
Referred to the Committee on Labor
Reported without amendment
Referred to the Committee of the Whole
