Minnesota Secure Choice retirement program provisions modification

Summary

The legislation adds new definitions for an annual report, covered employee, enrollment window, and waiting period, and clarifies how contributions are made to Roth or traditional IRAs. It also sets a certification process for entities that are not covered employers. These changes affect employees, employers, and the board that administers the Secure Choice program by tightening eligibility and enrollment procedures.

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

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