AN ACT TO CREATE THE JOINT LEGISLATIVE STUDY COMMITTEE ON SMALL BUSINESS RETIREMENT OPTIONS. SL 2019-205. Enacted August 27, 2019. Effective August 27, 2019.
Bill Summaries: H604 SMALL BUSINESS RETIREMENT PROGRAM.
Summary date: Aug 28 2019 - View Summary
Summary date: Aug 7 2019 - View Summary
Senate amendment makes the following changes to the 1st edition.
Modifies the membership requirements of the Joint Legislative Study Committee on Small Business Retirement Options, now requiring one public member appointed by the Speaker of the House of Representatives to be a retiree with professional knowledge of and experience working in the private retirement services industry (previously, only specified retiree).
Summary date: Apr 4 2019 - View Summary
Creates the 10-member Joint Legislative Study Committee on Small Business Retirement Options (Committee), to be made up of the specified membership and appointments. Requires that the Committee study four specified topics including ways the State can reduce the burden on small businesses that want to offer payroll deduction retirement savings options to employees, and optimal oversight for any proposed retirement program. Requires the Committee to report to the Speaker of the House, President Pro Tempore of the Senate, and Fiscal Research Division by March 31, 2020. Terminates the Committee upon the earlier of the report submission or March 31, 2020.