AN ACT RELATING TO PUBLIC FINANCE -- RHODE ISLAND SECURE CHOICE RETIREMENT SAVINGS PROGRAM ACT

Summary

The bill establishes the Rhode Island Secure Choice (RISavers) retirement savings program, requiring eligible employers to offer payroll‑deduction accounts and automatically enrolling employees unless they opt out. It defines which workers and businesses must participate, sets deadlines for employers of different sizes, and directs the state treasurer to pick administrators and investment options, including environmentally and socially responsible choices. The aim is to broaden retirement savings for workers who lack a workplace plan.

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

Topics

Share