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S04344 Summary:

BILL NOS04344B
 
SAME ASSAME AS A04982-B
 
SPONSORSAVINO
 
COSPNSRADDABBO, ALCANTARA, AVELLA, BAILEY, CARLUCCI, GALLIVAN, HAMILTON, HOYLMAN, KAMINSKY, KRUEGER, LANZA, LATIMER, ORTT, PERALTA, RANZENHOFER, SANDERS, STAVISKY, VALESKY
 
MLTSPNSR
 
Add Art 14-C 570 - 585, R & SS L; add 99-bb & 99-cc, St Fin L
 
Creates a self-sufficient retirement savings program in the form of an automatic enrollment payroll deduction IRA, and establishes an administrative board responsible for promoting greater retirement savings for private sector employees in a convenient, low-cost, and transferable manner.
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