HB 1403: Deferred Compensation Plans for Public Employees
GENERAL BILL by Salzman
Deferred Compensation Plans for Public Employees; Authorizes inclusion of automatic enrollment arrangement in government employee's deferred compensation plan; 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 of state may adopt automatic enrollment arrangement only upon approval of Legislature; requires that certain deduction of wages or salary of employees be treated in specified manner.
Last Action: 1/15/2026 House - Now in Government Operations Subcommittee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/9/2026 | House |
• Filed |
| 1/13/2026 | House |
• 1st Reading (Original Filed Version) |
| 1/15/2026 | House |
• Referred to Government Operations Subcommittee • Referred to State Affairs Committee • Now in Government Operations Subcommittee |
