Deferred Compensation Plans for Public Employees

Summary

The bill would automatically place state, county, city and other government workers into a deferred compensation (retirement) plan unless they choose not to. It sets a default contribution rate and investment, while letting employees change or stop contributions at any time. Local governments could also adopt the same automatic‑enrollment rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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