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.
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Bill History
Date Chamber Action 1/9/2026 House • Filed
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HB 1403, Original Filed Version (Current Bill Version) Posted 1/9/2026 at 1:44 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1018 Deferred Compensation Plans for Public Employees Truenow Identical Last Action: 1/7/2026 S Referred to Governmental Oversight and Accountability; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations 
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)