Bill
Bill > H0180
ID H0180
ID H0180Adds to existing law to establish a new retirement program for workers who do not have an employer-sponsored retirement program.
summary
Introduced
02/16/2021
02/16/2021
In Committee
02/17/2021
02/17/2021
Crossed Over
Passed
Dead
05/12/2021
05/12/2021
Introduced Session
2021 Regular Session
Bill Summary
RETIREMENT SYSTEMS -- Adds to existing law to establish a new retirement program for workers who do not have an employer-sponsored retirement program.
AI Summary
This bill adds a new chapter to Idaho law to establish the Idaho Work and Save for Retirement Program. The program will create a retirement savings account for workers who do not have access to an employer-sponsored retirement plan. The bill outlines the program's structure, including the establishment of a retirement fund and an administrative fund, the creation of a governing board, and the program's key components such as voluntary enrollment, default contribution rates, and procedures for withdrawals and rollovers. The bill also addresses confidentiality of employee account information and requires annual reporting to the governor and legislature.
Committee Categories
Business and Industry, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Business Committee (House)
Last Action
Reported Printed and Referred to Business (on 02/17/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2021/legislation/H0180/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2021/legislation/H0180.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2021/legislation/H0180SOP.pdf |
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