l9n/ Mississippi

2025 Regular Session

Senate Bill 2861

Mississippi Work and Save Program; create.

Did not become law. It stopped in the House of Representatives's Accountability, Efficiency, Transparency Committee on March 4, 2025. The 2025 session has ended.

What it does

The synopsis the Legislature published with the bill.

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.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

1 co-sponsor

David Parker

Its course

January 20 to March 4, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action13 actions on 7 days

In the SenateJan 20 to Feb 617 days

FinanceJan 20 to Feb 415 days

Government StructureFeb 4 to Feb 40 days

In the House of RepresentativesFeb 6 to Mar 4 · stopped26 days

Banking and Financial ServicesFeb 17 to Feb 2710 days

Accountability, Efficiency, TransparencyFeb 27 to Mar 4 · stopped5 days

Amendments

Each amendment offered, and what became of it.

  • Senate floor amendmentAdopted

    Adopted Feb 13

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Jan 20 – Feb 6

  1. Jan 20Referred to the Senate committees on Finance and on Government Structure
  2. Feb 4Reported as a committee substitute from FI to GS in the Senate: title sufficient, do pass
  3. Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  4. Feb 6Committee substitute adopted in the Senate
  5. Passed the Senate

In the House of Representatives Feb 6 – Mar 4

  1. Feb 6Motion in the Senate to reconsider entered
  2. Feb 13Reconsidered in the Senate
  3. Amended in the Senate
  4. Passed the Senate as amended
  5. Feb 17Sent to the House
  6. Referred to the House committees on Banking and Financial Services and on Accountability, Efficiency, Transparency
  7. Feb 27Reported from BB to AC in the House: title sufficient, do pass
  8. Mar 4Died in committee in the House
All 13 actions, as published
  1. Jan 20Referred To Finance;Government StructureSenate
  2. Feb 4DR - TSDPCS: FI To GSSenate
  3. Feb 4Title Suff Do Pass Comm SubSenate
  4. Feb 6Committee Substitute AdoptedSenate
  5. Feb 6PassedSenate
  6. Feb 6Motion to Reconsider EnteredSenate
  7. Feb 13ReconsideredSenate
  8. Feb 13AmendedSenate
  9. Feb 13Passed As AmendedSenate
  10. Feb 17Transmitted To HouseSenate
  11. Feb 17Referred To Banking and Financial Services;Accountability, Efficiency, TransparencyHouse of Representatives
  12. Feb 27DR - TSDP: BB To ACHouse of Representatives
  13. Mar 4Died In CommitteeHouse of Representatives