Bill Summary for H 515 (2015-2016)
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Summary date:
Apr 2 2015
Bill Information:
View NCGA Bill Details | 2015-2016 Session |
AN ACT TO DIRECT THE DEPARTMENT OF STATE TREASURER TO STUDY THE ESTABLISHMENT OF A VOLUNTARY "WORK AND SAVE" RETIREMENT PROGRAM AIMED AT INCREASING THE RETIREMENT SAVINGS OPTIONS FOR PRIVATE SECTOR WORKERS WHOSE EMPLOYERS DO NOT PROVIDE RETIREMENT SAVINGS PLANS.Intro. by Schaffer, S. Ross, Glazier, Pierce.
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Bill summary
Requires the Department of State Treasurer to study the establishment of a state‑administered voluntary "Work and Save" program aimed at increasing the retirement savings options available to private sector workers whose employers do not provide retirement savings plans. Requires the study to consider the recommendations for such a program made by AARP. Requires a report to the 2015 General Assembly when it reconvenes in 2016.