HB 985: Deferred Compensation Plans for Public Employees
GENERAL BILL by Porras
Deferred Compensation Plans for Public Employees; Authorizes that certain employees' payable compensation be deducted & contributed to deferred compensation plan through automatic enrollment arrangement unless employee makes certain election; requires that automatic enrollment arrangement be established with default contribution rate; authorizes periodic reenrollment of specified government employees; authorizes periodic resetting of contribution rates for specified government employees; requires that automatic enrollment arrangement provide employees ability to make certain elections regarding contributions; requires that plan provide for default investment into which contributions must be placed under specified circumstance; authorizes counties, municipalities, political subdivisions, & constitutional county officers to adopt automatic enrollment arrangements for specified deferred compensation programs; provides that deferred compensation plan may only include automatic enrollment arrangement upon approval of Legislature; authorizes that certain automatic deferrals be made by payroll deduction; requires that certain deduction of wages or salary of employees be treated in specified manner.
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Bill History
Date Chamber Action 2/24/2025 House • Filed
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HB 985, Original Filed Version (Current Bill Version) Posted 2/24/2025 at 3:56 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1068 Deferred Compensation Plans for Public Employees Rodriguez Similar Last Action: 2/24/2025 S Filed 
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 110.114 Employee wage deductions. Page 4 (pdf) 112.171 Employee wage deductions. Page 5 (pdf) 112.215 Government employees; deferred compensation program. Page 2 (pdf)