Retirement: other; retirement program for certain nonpublic employees to participate in a benefit plan; create, and provide oversight. Creates new act. TIE BAR WITH: SB 0808'26

Also relevant to:Senior (65+, Medicare/SS)

Where it is in the process

Plain-English Summary

This bill creates the Michigan Secure Retirement Savings Program, which offers retirement savings options for certain private-sector employees through automatic enrollment payroll deduction IRAs. Employers who do not offer a qualified retirement plan and have been in business for at least 730 days must participate. The program establishes a trust fund for employee retirement accounts and an administrative fund to cover program expenses, with the goal of promoting convenient, low-cost, and portable retirement savings.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 2 Sponsors

Democrat2Republican0Independent0Other0

D · PrimeJohn Cherry
D · CoMary Cavanagh

Read full bill text →↓ Why am I seeing this?

Want updates?

Get notified when MI SB0807 moves stage

Pick a channel below. Every option is opt-in, and we tell you exactly what we store.

Email

Identified

We store your email address and the bill ID. We'll send a confirmation link first; alerts only start after you click it. Every email has a one-click unsubscribe.

Coming soon

RSS feed· Atom 1.0 + JSON Feed per bill
Bluesky· follow a CivicRadar bot post per status change
Telegram· channel or DM via bot
Discord· channel webhook
WhatsApp· via WhatsApp Business
SMS· via Twilio