Committee recommends against Tennessee Retirement Savings Plan Act after testimony on enrollment and implementation Senate Bill 2,397 (also carried as HB 14‑47) would create a state‑administered auto‑enroll retirement savings program for private‑sector workers; after sponsor remarks and department testimony, the Council on Pensions voted 9–2 to recommend against the bill to its standing committee.

A proposed Tennessee Retirement Savings Plan aimed at helping over 1.2 million workers save for retirement faces a 9-2 recommendation against passage by the Council on Pensions.

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#TN #RetirementAccess #CitizenPortal #WorkplaceSavings #EconomicSecurity #TennesseeWorkforce

Senate committee hears auto-IRA bill; supporters cite access gap and multi-state model, bill held for more work SB 21 would create a state-facilitated auto-IRA program to give workers automatic payroll-deduction retirement accounts. Supporters including AARP Alaska and Colorado Treasurer Dave Young urged adoption; the committee held the bill for further review and requested more technical follow-up on administration and fiscal impacts.

Alaska is poised to bridge the retirement access gap with a groundbreaking auto-IRA proposal that could transform the financial futures of 105,000 workers!

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#AK #RetirementAccess #CitizenPortal #FinancialSecurity #PublicPrivatePartnership #AlaskaWorkforce

House approves voluntary retirement plan exchange to expand small-business options The House passed first substitute HB 250 to create a voluntary marketplace where small businesses without employer-sponsored retirement plans can join a state-facilitated platform offering auto-IRA or 401(k)-style options. Sponsors said participation is voluntary and the private sector would manage funds; the bill passed 71–1.

Utah's House just approved a groundbreaking bill that opens the door for small businesses to offer their employees retirement savings options without any mandate!

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#UT #RetirementAccess #CitizenPortal #EconomicGrowth #EmployeeBenefits

Senator Lovely proposes Massachusetts bill to enhance retirement savings access Senator Joan B. Lovely seeks to expand retirement savings options in Massachusetts legislation.

Massachusetts is on the brink of a retirement revolution as Senator Joan B. Lovely pushes for a bill to expand savings access for all workers, including gig employees!

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#MA #CitizenPortal #FinancialSecurity #WorkforceEquity #RetirementAccess