MS SB2885 | 2026 | Regular Session
Status
Completed Legislative Action
Sponsorship: Bipartisan Bill
Status: Failed on March 3 2026 - 100% progression
Action: 2026-03-03 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]
Sponsorship: Bipartisan Bill
Status: Failed on March 3 2026 - 100% progression
Action: 2026-03-03 - Died In Committee
Text: Latest bill text (Engrossed) [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 Voluntary 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 Prescribe The Requirements For 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; To Provide That Monies In The Fund Shall Be Expended Upon Appropriation Of The Legislature, For The Purposes Authorized In This Act; And For Related Purposes.
Title
Mississippi Work and Save Program; create.
Sponsors
Roll Calls
2026-02-04 - Senate - Senate Passed (Y: 52 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-03-03 | House | Died In Committee |
| 2026-02-06 | House | Referred To State Affairs;Accountability, Efficiency, Transparency |
| 2026-02-05 | Senate | Transmitted To House |
| 2026-02-04 | Senate | Passed |
| 2026-02-03 | Senate | Title Suff Do Pass |
| 2026-01-19 | Senate | Referred To Finance |
