MS HB631 | 2026 | Regular Session

Status

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on February 3 2026 - 100% progression
Action: 2026-02-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Create The Mississippi Work And Save Program, Which Is A Retirement Savings Program Sponsored By The State For Certain Employers Who Do Not Already Offer A Retirement Plan That Will Allow Those Employers To Offer Eligible Employees The Choice To Contribute To An Individual Retirement Account (ira) Through A Payroll Deduction; To Provide The Powers, Authority And Duties Of The State Treasurer To Design, Develop And Implement The Program; To Provide That The Ira To Which Contributions Are Made Will Be A Roth Ira And The Standard Package Will Be A Roth Ira With A Target Date Fund Investment And A Specified Contribution Percentage; To Provide Certain Protection From Liability For Employers In The Program And For The State; To Provide For The Confidentiality Of Participant And Account Information; To Create The Mississippi Work And Save Administrative Fund As A Special Fund In The State Treasury For The Purposes Authorized In This Act; And For Related Purposes.

Tracking Information

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Title

Mississippi Work and Save Program; create.

Sponsors


History

DateChamberAction
2026-02-03HouseDied In Committee
2026-01-13HouseReferred To State Affairs;Ways and Means

Mississippi State Sources


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