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Senate Bill 0199

Senate Bill 0199

ARCHIVE (2010)

Latest Information

DIGEST OF SB199 (Updated January 28, 2010 4:38 pm - DI 84)

State deferred compensation plan. Provides that if an employee does not choose another amount, the state shall, in each pay period during the first year the employee is automatically enrolled in the state's deferred compensation plan (plan), deduct from the employee's compensation the greater of: (1) the maximum amount of any match provided by the state on behalf of the employee to a defined contribution plan; or (2) $15; and deposit the amount deducted in the employee's account.
    Current Status:
    In Committee - 2nd House
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